RANGERS could announce Steven Gerrard as their new boss by the end of the week.

The Liverpool legend has been identified as the man the Ibrox board want to succeed Graeme Murty at the end of the Premiership campaign.

Talks between both parties have progressed and a deal is now close to completion.

Read more: Lee McCulloch: Rangers board must get it right this summer - and Steven Gerrard could be the one at Ibrox​

Murty was defiant on Friday when he addressed his own future ahead of the Old Firm clash with Celtic but the former Under-20s boss is now in the final days of his Light Blues tenure.

Murty's side suffered a 5-0 defeat at Parkhead as Celtic secured a seventh consecutive league title and matches with Kilmnarnock, Aberdeen and Hibernian remain as the Gers attempt to finish second.

Rangers confirmed on Tuesday morning that Murty had been 'relieved of his duties' as Jimmy Nicholl and Jonatan Johansson were handed control until the end of the campaign.

And the Light Blues could now announce Gerrard's appointment as boss in the coming days. 

Read more: Brendan Rodgers: Rangers manager Graeme Murty was thrown "below the bus" before last month's Celtic games

The 37-year-old has no experience at first team level and his only coaching credentials come from his role as boss of Liverpool's Under-18 side.

That hasn't dissuaded Rangers, however, after Director of Football Mark Allen earmarked Gerrard as the man to take charge ahead of the new campaign and the former Kop hero is now on the brink of a move to Ibrox.