Graeme Souness has recently held talks with Rangers.
But the club legend will not be returning to Ibrox as their new sporting director, according to a report.
The rumour mill has been sent into overdrive in recent days, with many Gers fans speculating that Souness was due to make a comeback to the club in some capacity.
Such talk ranged from a takeover bid to becoming a sporting director - a role vacated by Ross Wilson last month.
The former Scotland international, who recently turned 70, is regarded as a club hero, having turned out as a player for Rangers, and then became the manager in 1986.
He recently stepped down from his punditry work at Sky Sports, which sparked speculation over his next moves.
But it appears there will be no major reunion between Rangers and Souness.
Although, it was revealed that talks have taken place over him doing more work for the club in the future.
The Heart & Hand Rangers podcast tweeted: “Souness Rumours – he’s not fronting a takeover (there is no takeover) and not joining as a DoF or anything like that.
"Club met with him to discuss working together in future on things but that’s as far as it went at moment. GS loves Rangers and wants to help where he can.”
When pushed on the future plans, the club’s media partner replied: “Ambassador-type role, maybe some RTV, that sort of thing.”
Meanwhile, Zak Lovelace has earned international recognition with England.
The striker has been called into England's under-17 squad for upcoming the European Championships in Hungary.
And with that, his season at Rangers appears to be over.
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