STEVEN Gerrard is excited by the prospect of becoming Rangers manager but needs reassurances about the club’s spending power, according to former Liverpool teammate Danny Murphy.

The 37-year-old is closing in on the Ibrox job after holding talks to take over from Graeme Murty, but Murphy revealed that the deal is still far from done.

Gerrard, who is currently in charge of the Under-18s at Anfield, is set for further discussions this week but the former Fulham midfielder says uncertainty over the resources he will be handed to challenge rivals Celtic remains the main concern. 

Read more: Tam McManus: Appointing Steven Gerrard would not be a huge gamble for Rangers

Speaking on TalkSport, he said: “The truth is there’s nothing definitive. He has had talks and they were positive. I think that’s a good thing for Rangers.

“He’s got more this week. He’s a really ambitious guy Steven. He always has been from the moment he walked onto the training pitch at Melwood as a young lad but he’s also bright.

“And I don’t think he’s going to put myself in a position where he goes into a job with his hands tied in terms of the resources he’s got to compete with Brendan. Ironic really isn’t it, that Brendan’s at Celtic.

“But the thing is, I think he is probably needing some more reassurances regarding what they can give him.

“The only thing with that is, how do you get concrete reassurances with something like that?

 “I suppose as a football club Rangers can’t be trying to get someone like Steven who is young, hungry and ambitious to go there and try and compete and sell him a dummy.

“You have to think there’s some credibility in what they’re trying to do.

“He seemed excited, but without the confirmation of what it actually really entailed.”