Rangers director Paul Murray has told the BBC that a new manager should be appointed later this week, with Mark Warburton still the bookmakers' favourite.
A 3-0 defeat to Motherwell last weekend completed a 6-1 aggregate defeat in the Scottish Premiership play-off final, meaning Rangers must now face up to the reality of at least one more season in the Scottish Championship,
Manager Stuart McCall may have only arrived in March, but his future is already in doubt given that his contract will expire this summer - and that defeat to former club Motherwell has done his prospects of landing the job on a longer-term basis no good.
The bookmakers have been pricing up odds throughout the week, with former Brentford manager Mark Warburton the odds-on favourite having left Griffin Park.
Now, it looks like Rangers are gearing up for a big week at Ibrox as director Paul Murray has told the BBC that the club intend to appoint a new manager this week.
"Our plan is to make an appointment next week," said Murray, hinting that McCall's time may be up as Rangers look for a new face.
Other candidates in the running with the bookmakers are Derek McInnes, Alex McLeish and Gennaro Gattuso, with David Weir - former Rangers captain - likely to be Warburton's assistant should the Londoner take the job this week.