Warburton was appointed the Rangers boss in June, and he has done a fantastic job at the Gers so far.
Rangers defeated Scottish Championship promotion rivals Hibernian 6-2 away from home in the first round of the Scottish Challenge Cup in their opening game of the season.
The Glasgow outfit then got the better of Peterhead 3-0 at Ibrox in the first round of the Scottish League Cup, before winning 3-1 against St. Mirren at home in the Scottish Championship.
Warburton’s side followed that up with a 5-1 victory over Alloa Athletic at the Indodrill Stadium last weekend, and progressed to the third round of the Scottish Challenge Cup with a 2-0 triumph over Ayr United at Somerset Park on Wednesday.
Former Rangers attacker Lovenkrands has been impressed with Warburton and told Sky Sports on Friday morning when asked if the club can return to where they were when he was playing: “They can, but that’s a lot way into that. When I there, the players we had in the squad were unbelievable… It was a different era.
“What Mark Warburton done at Rangers is fantastic. The football is exciting to watch. Fans are happy again, they are excited to go to the games because they are getting lots of goals and the football is exciting to watch.
“He is doing the right things at the club, but it’s a long to go where it used to be. Hopefully they are on the right path.”