Kevin Muscat would be interested in speaking to Rangers about becoming their new manager, talkSPORT understands.
AZ Alkmaar boss Pascal Jansen is also keen on the position, with his side currently second in the Eredivisie.
The Scottish giants are looking for a new manager following the decision to sack Michael Beale.
Pressure built around Beale's future following the 3-1 defeat to Aberdeen over the weekend, a result that leaves Rangers seven points behind title rivals Celtic in the Scottish Premiership.
The former Aston Villa number two spent just 10 months at Ibrox aftercontroversially leaving Queens Park Rangers just a couple of months after being appointed by the Championship club.
Rangers chairman John Bennett said: «I'd like to thank Michael for his dedicated work since he rejoined the club as manager last November.
»It is clear that results have fallen well short of the board's, Michael's and our supporters' expectations.
«The search process for the new manager is already under way. I wish Steven Davis and the interim management team every success — they will remain in charge for as long as it takes to make the right appointment.»
As a result, Muscat has emerged as a serious contender for the role.
The former defender played for Gers from 2002 to 2003, making 24 appearances in the process.
The Australian is currently head coach of Japanese side Yokohama F. Marinos where he succeeded Ange Postecoglou back in 2021 when he joined Celtic.
Having just won the Japanese title, Muscat's stock is particularly high after previously winning the Australian A-League while in charge of Melbourne Victory.
Graham Potter had also been linked with a move to Rangers, however the former Chelsea boss has ruled himself out of the running.
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