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Steven Gerrard has been out of work since leaving Saudi Pro League team Al-Nassr earlier this year and is currently the favorite to return to Rangers for a second spell

Former captain Barry Ferguson will be offered the chance to lead Rangers as manager for the rest of the season. (Record) Fellow former Ibrox players Neil McCann and Billy Dodds are linked with joining Ferguson at Rangers.

Steven Gerrard is the favourite to become the next manager of his former side, but he will be forced into waiting due to finances