Dave King has told the official Rangers YouTube channel that former boss Ally McCoist could make a shock return to Ibrox - but not as the club's manager.
King was passed as a 'fit and proper' director by the SFA earlier this week, meaning the South African-based businessman can start to take charge of Rangers having gained control of the club back in March.
On Wednesday night, Rangers beat Hibernian 2-0 to take a big advantage into the second leg of their play-off semi clash, meaning manager Stuart McCall is now just one step away from the final against Motherwell to decided whether Rangers will be promoted to the top flight.
McCall, who was appointed Rangers boss just days after King's arrival, is only on a contract until the end of the season, so is still looking to prove himself to King and his team.
McCall was following on from another ex-Rangers player, as Ally McCoist's resignation as manager in December left the club in turmoil, especially when his replacement Kenny McDowall also handed in his resignation just weeks later.
McCoist is a legend at Ibrox having scored an astonishing 355 goals in 581 games for the club, and whilst his reign as manager didn't end well, he's still an immensely popular figure in the blue half of Glasgow.
Now, King has admitted that McCoist could have a role at the club again - but not as manager, instead working behind the scenes.
"There would certainly be a role but I think not on the footballing side," said King. "If a new manager comes in, you can't have someone looking over your shoulder. Clearly from Ally's point of view, he wouldn't want that either."
"Certainly, he still remains a legend of Rangers Football Club and one of the many things we have to do is get some of the ex-players and legends spending time around the club. Clearly, because of his history, he is an icon of the club and I think we'd want him around the club," he added.