Freedman, who was sacked by Bolton Wanderers back in October, recently took charge of Nottingham Forest - one of Freedman's former clubs as a player.
Yet amid speculation that his contract at the City Ground only runs until the end of the season with a view to extending it long-term, the Scottish Sun believe that Rangers are interested in taking the Glaswegian back up to Scotland.
Rangers saw Ally McCoist quit his post as manager in January, and his replacement Kenny McDowall also resigned just weeks later, though he will serve a 12-month notice period with the beleaguered Gers.
The Ibrox club could well look to bring a new manager this summer, and Freedman appears to be the frontrunner at this stage if the Scottish Sun are to be believed.
The speculation has struck a chord with both sets of fans, with Forest supporters somewhat concerned about the prospect of losing Freedman having won four of the five games he's taken charge of, where they've scored 16 goals.
Rangers fans were generally pleased to hear that Freedman was an alleged target, suggesting that he would be a good appointment if they could lure him North of the border.
Here are reactions from both sets of fans to the recent speculation surrounding Freedman's future...
Dougie Freedman a decent shout for next Rangers manager. A gamble but one that could pay off!— London Blue Nose (@londonbluenose) February 25, 2015
Dougie Freedman for @RangersFC? I'd be happy with that.— David Nimmo © (@Nimsay1872) February 25, 2015
Probably won't happen but I'd like to see Freedman as manager, Ian Cathro as his number 2, with Davie Weir cuttin aboot aswell— Callum Cross (@Callum1872) February 25, 2015
Seen the reports today about Freedman, decent manager like. Turning Forest around at the minute. Id still like Gary Rowett though!— DazzaWATPMartin! (@Blue_Daz) February 25, 2015
I can't see Dougie staying here for next season if that's true about Rangers #NFFC— Dave Walton (@D4VOW) February 25, 2015
Rumour is Rangers want Freedman as their new manager. Forest need to be careful and decide whether to give him a new contract soon. #nffc— Hannah Dexter (@hannahforest) February 25, 2015
What manager currently in a job would go to Rangers? Makes even #nffc look like a great long term prospect! Isn't BD going there anyway? Ha— John Shirtcliffe (@johnshirtcliffe) February 25, 2015