Former Nottingham Forest manager Billy Davies is odds-on with some bookmakers to become the next permanent Rangers boss.
Ibrox old boys Terry Butcher and Stuart McCall are also in the running but Davies is the frontrunner.
Former Motherwell manager McCall would certainly appeal to the Ibrox faithful.
He spent seven years at Rangers where he won 11 domestic honours and was eventually inducted into the club's Hall of Fame.
Butcher spent four seasons marshalling the Rangers back four in the late 1980s, and is fondly remembered by the Gers faithful. The club may be more hesitant to hire Butcher over McCall, if both are willing, after the former captain blotted his copybook with a disastrous spell at Hibs. Prior to overseeing the Hibernian nose-dive into relegation, Butcher rebuilt his reputation with a very successful spell at Inverness CT.
Taking over a side bottom of the SPL, he gained promotion back to the top flight in his first full season and left the side when they were in the top six.
Former Scotland manager Craig Brown feels Walter Smith and Davies would be the "dream team" at Rangers.
Davies worked with Brown at Preston and Derby.
Brown said: "Billy Davies is outstanding as a football manager.
"England has been a hard shift for a lot of managers from Scotland, they have found it difficult but Billy has been successful.
"He has proven himself to be able to manage at the top level.
"He has managed Preston, Derby and Nottingham Forest and on every occasion he has been successful.
"Billy is excellent on the training ground, in team meetings, in the dressing (room) and his knowledge of the game - I have the highest regards for him as a football exponent."
However, Nottingham Forest legend Kenny Burns has stated "I don't want Billy Davies ruining Rangers."
Burns argued: "He's already messed up one club I love in Nottingham Forest - and twice! Therefore I certainly don't want him now doing the same at my boyhood club."