The former Arsenal midfielder believes the return is good for Celtic and Scottish football.
Rangers are back in the big time after a win against Dumbarton yesterday at Ibrox.
James Tavernier scored the goal which has ultimately resulted in them earning a place back in the Scottish Premiership after four years in the lower leagues.
That of course means Rangers fans can again become excited about regular Old Firm derbies in the Scottish top-flight.
Celtic fans however will have mixed feelings. They will be looking forward to facing off with their bitter rivals more often in the coming years but have also been revelling in the misery of their neighbours.
TalkSPORT presenter and former Arsenal man Ray Parlour however believes that Rangers’ return is good for Celtic and Scottish football.
“I mean they (Celtic fans) must like them derbies. Rangers, they make that competition a little bit better. I mean Aberdeen have really tried their best this season.
“It’s good for the league.
“I think it is great that they are back. The atmosphere was rocking last night."
Rangers have already been installed as the second favourites to win the Scottish title next season and Celtic will be doing everything in their power to stop them.
But Parlour is right. Scottish football has suffered from a lack of competition in recent times and the return of Rangers to the top-flight will at the very least add some spice to proceedings.