Sky Sports understands Matt McKay is set to leave Rangers to join South Korean side Busan l'Park.
The 29-year-old, who joined Rangers from Brisbane Roar in the summer, has made just three SPL appearances for Ally McCoist's men this term and he is thought to be surplus to requirements at Ibrox.
Sky Sports revealed in January McKay was mulling over offers from South Korea and Saudi Arabia and it seems he will now be the first player to depart Rangers following their move into administration.
McKay had a spell in South Korea in 2006 during a loan spell with Incheon United and he is poised to return with Busan l'Park.
The 29-year-old is keen to be playing regular first team football and Busan are ready to offer him the chance to escape the troubles at Rangers.