The Bhoys' majority shareholder is hoping to name the club's new boss in the near future.
Crystal Palace and Sunderland are keen on West Ham United defender James Tomkins, a report claims.
The former Rangers hero was discussing the club's ability to lure players in their prime.
Souness won three Scottish Premiership titles with Glasgow Rangers during his time at Ibrox.
Sevilla beat Liverpool 3-1 in the Europa League final on Wednesday.
Armstrong has been in fantastic form at Coventry City this season.
Rangers have snapped up teenage midfielder Jordan Rossiter.
The former Palermo manager is set to be officially unveiled today.
Massimo Luongo feels that QPR's promotion hopes is strong under Jimmy Floyd Hasselbaink.
Sunderland are expected to invest heavily in the summer transfer window.