Walter Smith admits securing Kris Boyd on a new deal is Rangers' number one priority.
The club's top goalscorer is one of several players out of contract at the end of the season, with Kirk Broadfoot, DaMarcus Beasley and Nacho Novo also in the final months of their current deals.
Smith confirmed talks took place between chief executive Martin Bain and Boyd's agent Mark Donaghy yesterday, with the Scottish champions tabling an offer they hope will keep the Clydesdale Bank Premier League's record scorer at Ibrox.
Fans have already warned of a boycott should the 26-year-old be sold during the current transfer window, with former Celtic boss Gordon Strachan reportedly keen to take him to Middlesbrough and Birmingham manager Alex McLeish also possibly set to resurrect his interest in a player he brought to Rangers four years ago.
“He's the one we have started with first,” said Smith of the discussions to convince Boyd his future lies with Rangers. “We have quite a few players out of contract at the of the season so we have to start trying to get those players tied up. Kris is the first one we have gone to and we hope we can get it sorted out.
“Martin spoke with Kris's agent yesterday and the club made him an offer. They have been left to think about it and that's what they are currently doing.
“We are hopeful that we can reach an agreement. The offer has been made and Kris and his agent are off to think about it now.”
With clubs in England able to offer more lucrative terms than the Scottish champions, Rangers must now hope that Boyd's emotional ties to the club will convince him to plump for an extended stay with his boyhood heroes.
“That's Kris's decision and he has to take everything into consideration,” admitted Smith.
“He's at an important part of his career, his mid-twenties, and it's a big decision he has to make. That decision rests with him.
“From our own point of view, we have made him an offer in the hope that he will stay with the club and we hope that's the case.”
If Boyd does decide his future lies elsewhere, Rangers must decide whether to sell him this month or retain his services for the title run-in and lose him for nothing in the summer.