Rangers are hopeful that their membership of the Scottish Football Association will be confirmed within the next 24 hours.
The Ibrox club's chief executive Charles Green says that talks with officials from the SFA have gone well, paving the way for the newco Rangers to join the Irn-Bru Division Three.
A 12-month transfer embargo, beginning on 1st September, was accepted by the Glasgow giants as a condition of gaining membership of the SFA.
The embargo and a £160,000 fine were handed down to Rangers for a range of offences, mainly the club's failure to pay tax under former owner Craig Whyte, who was banned for life by the SFA after he was ruled unfit to hold an official role in the game.
Rangers successfully challenged the transfer ban in the Court of Session before Green's Sevco bought their assets when they were consigned to liquidation.
"We are making good progress. I spoke to the chief executive of the SFA, Stewart Regan, this morning and that went very well," Green told Rangers official website.
"I have also just spoken to Neil Doncaster and I will be meeting both of them later today.
"I'm really hopeful now that within the next 24 hours we can have this thing signed and sealed and Alastair can start loading his players on a team coach to go up and try to win a match on Sunday.
"Most of the things are now clear to all parties. As far as I am concerned now we have no outstanding issues with the SFA. It's now purely process and documentation.
"We have no issues with the Football League and just some minor points to resolve with the SPL and I'm hopeful we can to that today."
Should SFA membership be granted, Rangers' game against Brechin City in the Ramsdens Cup this Sunday will go ahead.
The Second Division club's vice-chairman Martin Smith said that the match would be crucial for Brechin from a financial point of view.
"The fact is that we sold our tickets out last night in 45 minutes. Rangers did the same thing at Ibrox on Monday during the day, the game is a complete and utter sell-out.
"We have also sold all of our sponsorship packages and everything is in place, we have lots of sponsors coming and it is all set up for a wonderful day here in Brechin - as long as Rangers get a licence."