Graham Wallace is conducting a full review of Rangers' business operations.

By his own admission, the cost base needs to be cut, although he also intends to identify areas that will require investment, and it seems certain that the football wage bill needs to be reduced.

There are a handful of players in Ally McCoist's squad who would command a fee and, in the current climate, it seems unlikely that Rangers could turn any offers down. There are other individuals, though, who have been peripheral this season and could be allowed to depart without fundamentally affecting the club's title challenge, or the likely bid next season to return to the top flight. Here, then, are some of the categories of players in the Rangers squad.

Loading article content

Potential fundraisers

Lee Wallace

Rangers' best player this season, he even remains on the fringes of the Scotland squad and would certainly attract attention from clubs in England. However, Wallace is not thought to be interested in leaving. He has a young family, invests much time and emotional commitment into training an amateur team, Heriot Vale, and also wants to play a full part in Rangers' return to the top-flight.

David Templeton

Signed a four-year contract when Rangers bought him from Hearts in the summer of 2012. The winger played a prominent role in the Third Division title win, but has barely featured this season and his form has suffered as a result. Templeton is well paid, at least comparatively, but then he is also a proven talent in the SPFL Premiership. Some English clubs would consider him a viable target, particularly if the fee is low.

Nicky Law

The midfielder has performed well this season and has a pedigree in England, having previously played for Sheffield United, Bradford City and Rotherham United. None the less, he was available on a free transfer last summer and Rangers were able to sign him from Motherwell. Law was part of the second tranche of players who stepped down the leagues to sign for Rangers but will still be well paid. Appears content at Ibrox, though.

Lewis Macleod

The most promising of the young players to break into the first team. Although he is playing at a lower level, it is possible to rate Macleod comparatively since he has performed well for Scotland's under-21s and he was named among the top 50 young players to watch in Europe. Clubs in England are always willing to pay for potential. Macleod, though, is a Rangers fan and may consider first-team football at Ibrox more appealing than becoming a squad player elsewhere.

Squad players

Emilson Cribari

It is believed that the defender was told last summer that he could leave. McCoist always praises the player's attitude and application in training and he is a regular on the bench, but Emilson has played no significant role in this campaign.

Steve Simonsen

The former Everton goalkeeper was brought in as cover for Cammy Bell to allow Scott Gallacher to go out on loan. Gallacher has returned to Ibrox, though and although another loan spell could be arranged, there is little need for three potential first-choice keepers. Simonsen has yet to feature for the team.

Dean Shiels

Injury kept the attacker on the sidelines, but it seemed timely that he returned to the starting line-up last weekend against East Fife and scored twice. Has been linked with a move to his old club, Hibernian, but they would not pay a fee. The attraction for Rangers would be removing Shiels' wage, however the player offers creativity and guile, and would become increasingly important as Rangers progress.

Staying put

Cammy Bell

Has established himself as the club's No.1. Would attract interest from several clubs if he were a free agent, but is settled at Ibrox and is about to become a father for the first time.

Lee McCulloch

One of the higher earners, but has already taken one pay cut to prolong his career at Ibrox. He is captain and his influence will become increasingly important the more competitive Rangers' surroundings become. McCulloch is moving into coaching, so could take on a dual role.

Jon Daly

He has bolstered the front line and would be coveted by several top-flight clubs if he were a free agent, but tied to Rangers he is unlikely to attract a fee. At 31, he can contribute fully to the club's return to the top-flight.