John Sheridan continues to be linked with the Leeds United head coach role, with bookies SkyBet pricing him as short as 1/6 for the position.
Current manager Steve Evans is valued at 10/1 to be in post at the start of next season.
Sheridan is currently manager of Oldham Athletic, and his exit to Leeds, should it happen, could have implications for Rangers.
HITC understands Rangers are leading the chase for striker Aaron Holloway, who is a free agent this summer.
Holloway has been on loan at Sheridan's Oldham Athletic after the past few months, asking to leave Wycombe Wanderers after snubbing their offer of a new deal.
The promising 23-year-old striker scored twice as he helped the Latics stave off relegation, and could be a player Sheridan would look to re-sign on a free transfer.
Rangers would provide stiff competition for Oldham in this regard, but Sheridan would at least be their trump card, able to play on an already established relationship and talk up the faith he has already shown in him.
If former Ireland international Sheridan exits Boundary Park to take up the Leeds United position, Oldham's chances of resigning Holloway would likely disappear, enhancing Rangers' prospects of winning the race for the attacker in the process.