Rangers are reportedly interested in recruiting former Derby manager Billy Davies as a replacement for Ally McCoist, who will stay with the club until the end of the current season.
McCoist came under increasing pressure from fans, due to the club falling nine points a drift of league leaders Hearts, following some below-par results.
And it seems that Davies is the man most likely to land the job - although he may face competition from Terry Butcher and Stuart McCall, who have also reportedly shown an interest.
Like any job in football, there is already a whole host of names being linked with the vacant job - some more obvious candidates than others.
Former Rangers defender Terry Butcher is an obvious contender for the job; the 55-year-old ruled himself out of the Motherwell vacancy last week and is a highly-respectable management figure in Scotland.
Stuart McCall is another gaffer that enters calculations, having spent a successful seven years with the club during the nineties. He left Motherwell last month after a successful spell and seems another prime candidate.
A slightly more outside chance goes to Dennis Wise, who has been away from management since leaving Leeds in 2008 - the former Chelsea man is a long-term friend of Rangers investor Mike Ashley.
Gennaro Gattuso is another surprise candidate after stating his intention to manage the club earlier this week. He spent a short time at Rangers during the late nineties and his wife is from Glasgow.
Billy Davies has kept his ambition to manage Rangers no secret in the past, with the Glaswegian often stating his desire to take over at the Scottish club.
The 50-year-old spent the first three years of his playing career at Rangers, before starring for both Dunfermline and Motherwell - the latter of the two he also went on to manage.
With experience at a host of Championship clubs, the former Nottingham Forest boss has the credentials to take Rangers into Scotland's top tier once more.