Davide Ancelotti will decide whether he wants to become the next Rangers manager in the next two weeks.
The Real Madrid assistant - son of legendary manager Carlo Ancelotti - has held talks with Rangers chiefs over a possible move to Glasgow.
As reported by the Rangers Review, the highly-rated coach will now consider his options following the positive discussions with the Govan club.
It's understood Ancelotti, 35, is in demand this summer as he seeks a first shot in management under his own steam with Andrew Cavenagh and 49ers Enterprises identifying the coach as a key target.
However, despite interest in Europe, Ancelotti is thought to be attracted to the possibility of succeeding interim manager Barry Ferguson in the Ibrox dugout.
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A decision is set to be made by the end of this month after discussions between Ancelotti and club officials, but no contract offer has been tabled.
It's thought Ancelotti will not wait for alternative offers if he decides a move to Rangers is deemed the right project for him.
Ancelotti has worked as part of his father's backroom team at Everton, Napoli, Bayern Munich and Real Madrid.
In this time, he has developed a reputation as a respected coach and received major compliments from a host of world-class players.
Ancelotti senior will leave Real Madrid to become the new Brazil manager with his son set to become a manager in his own right, potentially at Rangers.