Rangers boss Mark Warburton would be bringing a top talent to Rangers if they signed the left-back.
The Herald Scotland is reporting that Rangers have regularly kept tabs on the player, who is making waves with the Bairns.
Tony Gallacher - Scotland
The 17-year-old left-back is a Scotland under-19 international who clearly has talent if these three clubs, especially Manchester United, are taking a notice in his development.
He made his debut for the club last season and has already appeared for the Scottish Championship four times this season, picking up two assists in the process.
(L-R) Scotland's Liam Burt, Jack Aitchison, Tony Gallacher, Jamie Barjonas, Zak Rudden and Daniel Baur line up before the start
The attacking full-back may be seen as a long-term successor to current Rangers captain Lee Wallace. In general Rangers are light in the left full-back position and a move to bring Gallacher in could be a shrewd piece of business from Mark Warburton – as he looks to build a side at Ibrox that can eventually challenge Celtic for the title.
The teenager will no doubt be one to look out for going forward, with Rangers looming he would surely struggle to reject a move to Ibrox.