Report: Rangers have verbally agreed severance package with ex-Ibrox boss Pedro Caixinha

General view of Ibrox Stadium ahead of the Ladbrokes Scottish Premiership match between Rangers and Hibernian at Ibrox Stadium on August 12, 2017 in Glasgow, Scotland.

Rangers sacked Caixinha last week after seven months at Ibrox.

Rangers manager Pedro Caixinha is seen prior to the Betfred League Cup Quarter Final at Firhill Stadium on September 19, 2017 in Glasgow, Scotland.

Rangers verbally agreed a severance package with sacked Ibrox boss Pedro Caixinha on Tuesday, according to the Scottish Sun.

The Daily Record ran quotes from Caixinha's agent, Nuno Batista, earlier that day, in which he claimed a deal had yet to be struck with Rangers.

Caixinha is said to have interest from former club Santos Laguna, as well as three other Mexican sides, Guadalajara, Cruz Azul and Pumas.

Coach of Santos Pedro Caixinha (L) and Coach of Lanús Guillermo Barros, during their Copa Libertadores 2014  football match on April 23, 2014 in Torreón, Mexico. AFP PHOTO

However, the 46-year-old is unable to move clubs until he and Rangers have sorted their differences. And the Scottish Sun reports an agreement will be signed once Batista is free from 'unrelated business'.

Aberdeen manager Derek McInnes is the current favourite to succeed Caixinha at Ibrox, and will be Rangers' next boss according to Chris Sutton.

Former Celtic players Henrik Larsson (C) and Chris Sutton (R) talk prior to the UEFA Champions League Group B match between Celtic and Paris Saint Germain at Celtic Park on September 12,...

Speaking to BT Sport on Tuesday, the former Celtic striker turned pundit said: "I think Derek McInnes. I'm hearing that Rangers have the money and look, he would be the sensible option.

"He knows Scottish football inside out, he knows Rangers football club inside out and he's done a terrific job at Aberdeen. I think he wants the job as well."

Asked to clarify his use of the word 'hearing', Sutton reiterated: "I'm saying it will be Derek McInnes.

"It is absolutely the right move. Derek McInnes is the man for the Rangers job."

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