Walter Smith is still clinging on to the hope that he can keep Kenny Miller at Rangers.
It emerged on Friday that talks between the two parties over a new contract have broken down and that the Scotland striker will leave the club in January.
Miller has scored 19 goals for the club so far this term and is in the last year of his contract.
Rangers have been trying to hammer out a new deal with their goal machine for almost nine months, but talks now appear to have completely broken down.
Smith's vast managerial skills will be further tested as goalkeeper Allan McGregor continues to stall on a new five-year contract.
The Rangers number one is reportedly attracting interest from south of the border from Aston Villa and Manchester United.
Smith, though, is ready to fight to keep his star names, saying: "We are quite clear, we don't want to lose any player.
"We are still in the process of re-negotiating a contract with him (Miller).
"We don't want to lose him, we don't want to lose Allan McGregor, we don't lose anybody, but we just have to wait and see what happens.
"Kenny has played exceptionally well for us.
"His goals this season have been highlighted but he scored a good number of goals for us last year as well, so he is not a player that we would want to lose."
Smith explained: "You have two different situations here. Kenny Miller is freedom of contract at the end of the year but Allan McGregor is not.
"But we have been operating under these circumstances for the last two years.
"When a transfer window comes around, be it the summer or winter, we are under pressure that if someone comes in, we have to look at the offers they make.
"We have to handle that but we are getting to the stage where, after dropping down on numbers we have in the group, we can't drop much further.
"We certainly hope we don't have to lose anybody in the transfer window but we just have to wait and see.
"But you are asking me to comment on something that might never occur. We've had three or four windows where nothing has really happened apart from transfers that we have to make to decrease the squad.
"We don't have to transfer anyone at the present moment but we are still susceptible to an offer for some of our players, so that is where we stand.
"But we have not received a bid for any player so far and I certainly hope that's the way it will continue."