Ally McCoist has offered his resignation as Rangers manager, BBC Scotland understands.
But, as it stands, he will be in charge for Friday evening’s Scottish Championship fixture against Queen of the South – until told otherwise.
The 52-year-old has a 12-month rolling contract with the Glasgow club, who are refusing to comment at present.
So either the club pays his salary up in full, comes to a settlement, or keep him in place for the next 12 months.
It is believed that the players have not yet been informed.
The squad is due to gather at Rangers’ Murray Park training ground for their normal pre-match meeting at 15:00 GMT.
McCoist had come under increasing pressure after his side slipped nine points behind Championship leaders Hearts.
It intensified after a surprise 3-2 defeat by part-timers Alloa Athletic in the Petrofac Training Cup semi-final.
More to follow.