Steven Davis is poised to agree a bumper five-year contract at Rangers.
The Northern Ireland international is thrashing out a deal at Ibrox and Gers chiefs are confident one can be signed and sealed this week.
The 26-year-old is happy with the length of contract but some finer details must be tied up.
Davis has one year left to run on his current deal and his representatives have been in talks with Rangers over the last few weeks as a number English clubs await developments.
The midfielder, who was bought from Fulham in 2008 after an initial loan spell, has made 146 appearances for the Glasgow giants.
Davis has admirers in England, not least Everton, while his old club Aston Villa, now managed by ex-Rangers boss Alex McLeish, have also kept an eye on developments.
His Northern Ireland team-mates, David Healy and Andrew Little, have already agreed new contracts with the SPL champions and Davis is expected to follow suit.
Allan McGregor, Steven Whittaker and Salim Kerkar have all signed new deals as McCoist continues his rebuilding plans for next season.
The new Gers supremo knows Davis is pivotal to his plans after helping the club secure both the SPL and Scottish League Cup three times, and the Scottish Cup twice.
Goalkeeper McGregor (29), much to the relief of Gers fans, confirmed yesterday that he had penned a new six-year deal.
Celtic midfielder Joe Ledley has urged fellow Welshman Craig Bellamy to return.
Bellamy, who spent four months on loan with Celtis in 2005, is back at Manchester City after spending last season on loan at Cardiff.
But with City boss Roberto Mancini considering Bellamy surplus to requirements, Celtic are amongst a host of clubs being linked with the Welshman.
“Craig Bellamy would also be a great signing,” said Ledley. “Craig has been here before and he enjoyed his time here.”