HITC Sport understands the Hull goalkeeper is set for Championship loan.
The Aston Villa boss brought McGregor to Hull in 2013.
Boyd's current team travel to Ibrox to face Mark Warburton's Glasgow Rangers side.
Hull City are reportedly interested in signing David Marshall from Cardiff City in the summer transfer window.
Rangers beat Celtic in the Scottish Cup semi-final on Sunday afternoon.
He may not be on the level of Andy Goram or Stefan Klos, but Allan McGregor deserves recognition for his time at Rangers between 2001 and 2012.
Lee Wallace has spent four years at Rangers but should consider moving on if the team don't get promoted.
Craig Gordon is certainly confident in his ability after claiming that he should be Scotland's first choice goalkeeper.
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Aston Villa, Everton, Hull City, Manchester United and Stoke City feature.