Walter Smith has told Sky Sports that whilst he can't rule out a return to manage Rangers, he isn't necessarily looking to take the job.
Dave King's consortium finally won control of Rangers on Friday, and he has little time to dwell as the club certainly need a new manager soon.
Ally McCoist resigned in December, whilst his replacement Kenny McDowall is currently serving out a notice period having also resigned in January.
The chaos in the dugout hasn't helped Rangers' quest for promotion to the Scottish Premiership, and many want King to make an appointment sooner rather than later.
The bookmakers have the likes of Billy Davies, Stuart McCall and Felix Magath in the running, but former boss Smith was somewhat coy on the topic when speaking to Sky Sports, suggesting that he wasn't really looking to return to management but couldn't definitively say no to his former club.
"Well, I'm four years away from it now!" said Smith. "That's always a difficult one. I've said to them that I'll do anything I can to help them, but I don't know whether that's stretching it a little bit. You never rule anything out, but I'm not looking for it in any way, shape or form."
67-year-old Smith had two spells as Rangers manager; the first, he won the Scottish Premiership title seven years in a row, leading a period of domination for the club in the 1990's - whilst also winning six domestic cups, too.
After spells with Everton and Scotland - as well as a period as Sir Alex Ferguson's assistant at Manchester United - Smith returned to Ibrox and won another three league titles, as well as another five domestic cups.
Smith is a legend at Ibrox, but having left the club almost four years ago, it seems unlikely that he would make another return - unless King gave him an offer he couldn't refuse.