Report: Rangers held 'advanced talks' with Vitor Pereira, ambitious deal breaks down

Rangers reportedly targeted Olympiacos manager Vitor Pereira before the deal broke down.

According to The Times, Rangers have failed in a move to lure Portuguese manager Vitor Pereira to Ibrox as their new boss.

Rangers missed out on promotion to the Scottish Premiership after a 6-1 aggregate defeat to Motherwell in the play-off final, meaning manager Stuart McCall is now under pressure.

The 50-year-old arrived as manager in March after replacing Kenny McDowall, but was only handed a contract until the end of the season, whereby promotion to the top flight would give him a great chance of staying in charge long-term.

However, having failed to deliver promotion, McCall could now be replaced this summer, and Olympiacos boss Pereira was believed to be a target.

The 46-year-old was Andre Villas-Boas' assistant at Porto in the 2010-11 season, and then took over the top job with the Portuguese giants after Villas-Boas' move to Chelsea.

After a spell in Saudi Arabia with Al-Ahli, Pereira moved to Greece with Olympiacos in January 2015, guiding the club to the league title in April.

The Times believe that Pereira held 'advanced talks' with Rangers over a stunning move to Ibrox, but the deal broke down recently, leaving Pereira to remain in Greece - and meaning Rangers must look elsewhere in their pursuit of a manager this summer.

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