According to The Scottish Sun, Pedro Caixinha is set to be appointed as Rangers' next manager imminently, and could be in charge for the Old Firm game this weekend.
But while the Gers appear to be closing in on their man, it would surely be a mistake not to consider approaching one of the men previously touted as a potential successor for Arsene Wenger at Arsenal, whose employment status changed over the weekend.
Roger Schmidt parted company with Bayer Leverkusen recently with the club languishing in mid-table in the Bundesliga. While 10th place in the German top flight may not be good enough for Leverkusen - and the Daily Mirror reported that his sacking is likely to damage his chances of being appointed at the Emirates - Schmidt's record means that it would be foolish for the Light Blues hierarchy not to bring his name up in conversation.
Caixinha is a largely unestablished name in Europe so it would arguably be a gamble for the Scottish Premiership side to put their faith in him.
Former Bayer Leverkusen coach Roger Schmidt
Meanwhile, though Schmidt is also yet to manage in Scotland, his CV from the dugout is arguably considerably stronger, having spent his entire managerial career in Europe.
Though this season has been slightly more disappointing, he guided Leverkusen to third and fourth place finishes in the previous two campaigns.
And it must not be forgotten that although their domestic form has suffered, he also guided the team to the knockout stages of the Champions League this term, finishing above Tottenham in their group.
He also has experience of winning league titles, having guided Red Bull Salzburg to the trophy in his final year in Austria before returning to Germany in 2014.
That experience of winning a title and competing in Europe's biggest competition would surely make him a brilliant appointment for Rangers if they were able to lure him to Ibrox.
And with his reputation meaning that they may find it easier to lure top players to the club than they would if Caixinha took charge, the Gers surely have to consider tearing up the progress they have made in their search so far and pursuing a manager, who, not long ago, was reportedly in contention for one of the biggest jobs in the Premier League.