Pedro Caixinha could be in place as Rangers boss before the side’s trip to Parkhead on March 12.
Caixinha is reportedly excited by the prospect of leading the Light Blues into the East End of Glasgow to face a side that have dropped only two points all season.
The 46-year-old manager, who completed his coaching badges in Scotland, is currently in charge of Qatari side Al-Gharafa.
Caixinha was Panathinaikos assistant manager when Rangers dumped the Greek outfit out of the UEFA Cup in 2008 and has been earmarked as the board’s preferred candidate.
Mark Warburton departed the Ibrox club amid confusion last month and U20’s coach Graeme Murty has been tasked with leading the side’s charge for second place.
The former Reading defender has oversaw two victories and two defeats in his temporary role, his latest success being Wednesday evening’s dramatic 3-2 win over St. Johnstone.