Liverpool under-18 coach Steven Gerrard will travel to Glasgow on Monday for more discussions with Rangers about becoming the Scottish Premiership side's new manager, sources have told ESPN FC.
Rangers lost 5-0 to Old Firm rivals Celtic on Sunday, who confirmed their seventh successive Scottish league title with the win.
Sources told ESPN FC on Saturday that Rangers are confident of appointing Gerrard and have a four-year contract prepared for the Liverpool legend.
Rangers contacted Gerrard's representatives last week to discuss the role and the former Liverpool captain is open to the prospect of taking his first manager's job with the Scottish giants, with sources telling ESPN FC that he is ready for the challenge of top-level management.
A source close to Liverpool confirmed on Friday that they would not stand in Gerrard's way if he wanted to leave his current role -- something that Jurgen Klopp also said.
Graeme Murty remains in interim charge of Rangers until the end of the season after having been asked to step in following Pedro Caixinha's sacking in October.
Meanwhile, Alan Shearer believes that Gerrard taking Rangers job would be a "no-brainer."
"He'll be able to attract bigger players because of who he is and what he brings to the football club," he said. "Wherever he goes, people will follow because he's such a huge name."
"It's a big if because there are no guarantees but if everything is put in place and he is promised funds -- and I'm pretty sure if he accepts they would have to deliver what they have promised to him -- I think it's a no-brainer for him.
"If he were to take another job, for argument's sake in the Championship, it's a very, very tough league. He's got to then also get up to the Premier League and there's 12 or 13 teams can do that."
Gerrard has been working as an under-18s coach at Liverpool since 2017 after retiring as a player the year before, ending his career with MLS club LA Galaxy.
He won nine trophies with Liverpool, including the Champions League in 2005, amassing 710 appearances for the Reds and earned 114 England caps.
ESPN FC's Mark Ogden contributed to this report.