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Published 23:15 3 May 2018 BST
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The same report, along with Sky Sports, suggests that Gerrard could be confirmed as manager at Ibrox on Friday.
Gerrard is said to have been seeking assurances on the size and scale of the transfer budget he would receive should he accept Rangers' offer. After being promised fresh investment in the squad, the 37-year-old appears to have agreed terms and is expected to appoint former Liverpool teammate Gary McAllister as his assistant.
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