Danny Rohl is out of the race to become the next Rangers manager after withdrawing from the selection process, according to journalist Ben Jacobs.
They met with the former Sheffield Wednesday manager last week, but he feels it is not the right time for him to pursue the Ibrox job.
Rohl had emerged as the front-runner to succeed Russell Martin after Steven Gerrard rejected a return to the club.
The 36-year-old reportedly already had his backroom team lined up and was planning to include a former Rangers player in his crew to win over fans.
Rohl pulling out leaves Kevin Muscat as the favourite to land the job.
Rangers have also spoken with former Manchester United boss Ole Gunnar Solskjaer and former Mainz and Union Berlin manager Bo Svensson.
However, Svensson withdrew from the race over the weekend as he did not want to wait due to the uncertainty over the timeline for a potential appointment.
Heart of Midlothian manager Derek McInnes has also insisted he has no plans of leaving his club after recent links with the Rangers job.
Rangers may need to pay a seven-figure compensation package to get Muscat to leave Chinese Super League leaders Shanghai Port.
There are four more games left in the Asian top-flight campaign, and the Australian is expected to remain at the club until the end of their season.
Muscat appears keen to become the next Rangers manager, and they need to reach an agreement with Shanghai Port.
Rangers under-19 boss Steven Smith and Brian Gilmour have been in charge of first-team training since Martin was sacked.
They are expected to oversee the home league game against Dundee United on Saturday.
