SKY SPORTS OFFICIAL ANNOUNCEMENT:Steven Gerrard ruled himself out of a return to Ibrox earlier this week — yet the former Rangers boss has sensationally re-emerged as one of the favourites to take over at the club.

The Liverpool legend had initially distanced himself from a second spell in charge after holding talks with the Ibrox hierarchy, citing concerns over transfer backing and the club’s long-term football structure. Sources close to the situation claimed Gerrard felt “the timing wasn’t right” for a reunion despite being flattered by the approach.

However, fresh reports this afternoon suggest that Gerrard’s name is back in serious consideration, with several insiders believing he could be tempted if key assurances are met. His enduring popularity among Rangers supporters and the success of his first tenure — which included leading the club to their historic 55th Scottish Premiership title — have kept him firmly in the conversation.

As the managerial search continues, Gerrard joins Kevin Muscat and Danny Röhl among the leading contenders being discussed within Ibrox. The situation remains fluid, but the latest developments indicate that Rangers could yet turn back to the man who restored their dominance just a few years ago.