Steven Davis is set to undergo a medical at Rangers as Southampton boss Ralph Hasenhuttl confirmed the Premier League club are willing to help push through the transfer.
The Northern Ireland captain is expected to earn around £12,000-a-week at Ibrox and will be one of the club's highest paid players, despite taking a substantial pay cut as he leaves Saints.
Reports on Thursday afternoon suggested Davis could be joined at Rangers by a former England goal-scorer:
Davis, who turned 34 on Tuesday, is reported to have been offered an 18-month deal in Glasgow while his Southampton manager said on Thursday morning that the club are keen to help the midfielder complete his move.
"The fact is that he has a contract here until the summer so what we want to give him is a chance to make the next step," said Hasenhuttl. "If it is a possibility then we will help him to do so. I think he has done a lot for this club and we (want to) find a good solution where we have a win-win for both sides."
Asked if the deal could be completed in the next few days, the Saints boss added: "It can be. I am looking forward and if it is, then we will tell you."
Davis has started just a single Premier League game for current club Southampton this season and is expected to be given the club's permission to leave on a free transfer.
Should the deal go through in the coming days, Davis will join his new team-mates at their winter training camp in Tenerife before returning for a potential debut against Cowdenbeath in the Scottish Cup on January 18.
Last month, Rangers defender Gareth McAuley said his compatriot is the ideal man to spearhead Rangers' push for honours.
"I don't know if it's on the cards, but he's certainly the player who has been here before, who has captained the club and knows what it's about," McAuley said.
"I did a piece the other week on my best XI and he was in there. He's a top player and a great guy. Could he provide the creativity we need? Possibly, possibly. As players we all need to do a bit more to create and opens teams up."
Davis played for Rangers between 2008 and 2012. He even captained the club, in the absence of David Weir, for part of his final season at Ibrox.
Rangers drew level on points with table-topping Celtic by earning their first Old Firm derby victory in 12 meetings last weekend.