Former Liverpool midfielder Steven Gerrard has been ruled out of a shock return to Rangers until at least the summer with Barry Ferguson set to take the reigns until the end of the season.

The former skipper is in the hot seat until the end of the season with Gerrard's name floated as Philippe Clement's permanent successor

Steven Gerrard is among the leading contenders in the betting to replace Philippe Clement as Rangers manager. The Belgian was sacked by the Ibrox club on Sunday following a poor run of results, which has seen them lose consecutive home games to Championship side Queen's Park and St Mirren.