It's understand Felix Magath is in Glasgow today for talks with the new Rangers board of directors.
The German bought a one-per-cent stake in the club in January.
It's not yet known what role the former Fulham manager will play.
Current caretaker boss Kenny McDowall, who's currently working a 12-month notice period, says he doesn't mind the speculation.
"They're quite entitled to speak to whoever they want to speak to regarding the manager's position," said McDowall.
"I'll just wait and see, and carry on my duties, as I'm doing at present."
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