Ibrox side Glasgow Rangers are looking for a permanent successor to Mark Warburton.
Barry Ferguson has suggested to BBC Sportsound that he would be open to the idea of managing Rangers.
Rangers are looking for a permanent manager following the departure of Mark Warburton earlier this month.
Warburton, who was appointed the Gers boss in the summer of 2015, parted company with the Glasgow giants following a run of poor results.
Former Rangers midfielder Ferguson has admitted that he is not yet ready to take charge of the Ibrox outfit.
The 39-year-old former Scotland international recently stepped down from the managerial role at Clyde.
“I’ve still got loads to learn,” Ferguson told BBC Sportsound. “I don’t think I am ready to manage at that level.
“I’m not stupid enough to say I’m ready. I still think I have got a lot to learn. The last two-and-a-half years have been great for me. But I have not had any contact from Rangers. I don’t know where these stories have come from.”
“It was a club I was at from eight years old,” added Ferguson. “I left for a couple of years to go down to Blackburn but I came back. It was a dream of mine to play for Rangers and then to captain them and win things.
“When I look just now, it isn’t going great for them but I am sure in time they will come back. Let’s be honest, Celtic are miles in front just now and Aberdeen are doing a lot better under Derek McInnes. But Rangers is a club still close to my heart.”
Ferguson is in the early stages of his managerial career, and it would be a risk from Rangers to make him the first-team boss.
However, what the Scotsman has is experience of playing for the Gers – he knows and fully understands the size of the club.
Rangers are third in the Scottish Premiership table at the moment with 43 points from 26 matches, nine points behind second-placed Aberdeen.
The Gers will return to action on Wednesday evening when they take on St Johnstone at Ibrox in the Scottish Premiership.
Receive exclusive football transfer news and updates twice a week to your mailbox
