Rangers are waiting for Liverpool to make an improved bid for highly-rated teenager Danny Wilson after they rejected a £2million offer from the Reds.
The Scottish champions confirmed the Anfield club were interested in signing the 18-year-old around two months ago.
Gers manager Walter Smith has revealed the club have recently turned down an offer for the promising youngster.
"We are currently waiting to hear back from Liverpool after we rejected their original £2million offer," he told The Sunday Post.
Left-sided centre-half Wilson has refused his club's attempts to extend his contract - which has just one year remaining.
Rangers would receive just several hundred thousands of pounds in compensation should he leave Ibrox next summer.
Livingston-born Wilson made 25 first-team appearances last season and with his club resigned to losing the hot prospect, they will try and hold out for as much money as the Scottish Football Writers' Young Player of the Year could attract.
Rangers chief executive Martin Bain admitted the club had rejected approaches from two English Premier League clubs back in January, with Tottenham strongly linked with a move.