Rangers have confirmed talks with the agent of former AC Milan star Gennaro Gattuso about a move to bring the player back to Ibrox.
Charles Green, who is leading the consortium to buy the stricken club, says he will look to sign Gattuso once Rangers leave administration.
Green has held budget talks with manager Ally McCoist and former Italy international Gattuso, who played for the Light Blues between 1997 and 1998, could be an option.
"Gattuso himself came out publicly and said he would love to join Rangers and after the illustrious career he has had in Milan, that's great," Green told the club's official website.
"His agent came over and we met with him to explain the difficulties surrounding the club. To me, it's a massive positive he wants to come."
Rangers are unable to sign any new players under a year-long ban imposed by the Scottish FA but the club have taken action to try to overturn the decision.
"The SPL can't register any players because we are in administration and the SFA and the club have been in a very public dispute for some time," Green added.
"However, the manager has identified a number of people from a playing point of view he would be interested in.
"The manager actually played with Gattuso years ago when he was here at the club in the late 1990s.
"From my point of view as CEO, we've sat with Ally and arranged a budget with him and should we be allowed to sign players, he will be able to do so."
Gattuso is currently a free agent after his 12-year spell at AC Milan came to an end last season.