The former Middlesbrough striker is reportedly set to sign a two year deal at Rugby Park after struggling on his return to Ibrox.
The 31-year-old signed a one year contract at Ibrox last summer, but has moved on after the Gers were unable to seal promotion to the Scottish Premiership.
But it looks like Boyd will be heading back to the top flight to join his boyhood club Kilmarnock on a two-year deal, according to STV, looking to add to the 92 goals he scored in two different periods at the club.
Can Boyd still be a force in the Scottish top flight?
It was only just over a year ago that Boyd was starring for Killie, where he scored 22 times for the East Ayrshire side, and was one behind top scorer Kris Commons in the race for the league's golden boot.
It was expected that the former Scotland striker would be the man to supply the goals for Rangers' final promotion hurdle, considering his prolific earlier form in Glasgow, but he only netted 10 times in 43 games last season, with just 3 coming in the league proper.
If Boyd can settle straight back in at his old club, there is no reason why he couldn't return to the kind of form he was producing at Rugby Park in the 2013-14 campaign.
And if he does that, Rangers fans will be even more confused as to why he struggled during his second spell at the club.