The build-up has been plentiful and the grand occasion is almost here - with the Gers facing the Bhoys this Sunday in the Scottish League Cup semi-final.
Ahead of the tie, Ferguson has been discussing his own derby experiences as a former Rangers captain, also suggesting that no derby south of the border can really compare.
The 36-year-old spent two spells at Rangers, while playing for Blackburn Rovers, Birmingham City and Blackpool in England.
Derbies involving any of those teams couldn't compare to the rivalry between Rangers and Celtic, however, according to Ferguson - and nor can much else.
“I’ve played in derbies down in England but they’re nowhere near Rangers v Celtic – nothing touches it," the former Rangers skipper said.
“When I played for Blackburn, Birmingham and Blackpool the guys always wanted to come up and they couldn’t believe the atmosphere - it was an awesome experience for them and they loved it."
Celtic currently sit top of the Scottish Premiership after restoring their lead at the summit. Rivals Aberdeen had led the way but two draws in two games have dropped them back to second in the table.
As for Rangers' fortunes, the Gers sit second in the Scottish Championship, thirteen points behind league-leaders Hearts and two above third-placed Hibernian, although they have a game in hand over the former and two over the latter.