The former Rangers manager won seven major trophies during his five years at Ibrox.
Former Rangers manager Alex McLeish has told the Scottish Sun there is nothing in the speculation linking him with a return to Ibrox.
McLeish, who is out of work following a spell with Egyptian giants Zamalek, has been bookies favourite for the Rangers role, vacated by Pedro Caixinha at the end of last month.
And rumours of a return for McLeish intensified on Monday morning, when Ladbrokes and Paddy Power each suspended betting on the 58-year-old's appointment.
But when contacted by the Scottish Sun regarding said speculation, McLeish replied: "I would like it to be known that there has been no contact from anyone at Rangers and it’s important that the speculation is put to rest."
McLeish won seven major trophies during his five years in charge of Rangers, although his career has stagnated somewhat since leading Birmingham City to the English League Cup in 2011.
According to the Scottish Herald, caretaker boss Graeme Murty is set to remain in charge for Rangers' double-header with Aberdeen this week.
Murty got off to a bright start after stepping in for Caixinha, winning back-to-back games, but subsequent defeats against Hamilton and Dundee have increased pressure on the Ibrox hierarchy to secure a permanent successor to the Portuguese.