Rangers have confirmed the appointment of Liverpool legend Steven Gerrard as their new manager on a four-year contract.
Gerrard - who has only previously coached Liverpool's Under-18s - will take his first step into first-team management at Ibrox.
He is expected to be joined in Glasgow by former Liverpool team-mate and ex-Scotland captain Gary McAllister, who will be named as his assistant.
Gers were due to host their weekly pre-match media briefing at their Auchenhowie training base at 12.30pm - but journalists were instead told to report at Ibrox for 3pm, where Gerrard will be formally announced as the club's 16th manager.
Gerrard said: "I am honoured to become the next manager of Rangers. I have enormous respect for this football club, and its history and tradition.
"I can't wait to start this new journey at Rangers as we look to build on the many successes that this club has achieved."
Rangers chairman Dave King said: "We are delighted to confirm today that Steven Gerrard will become the next manager of Rangers.
"From the very beginning, talks have been extremely positive and we believe that Steven is the right man to drive Rangers forward.
"He was extremely impressive throughout our negotiations and we are convinced that he has the necessary knowledge and temperament to lead the club to the success we all desire.
"This a special day for our club, our fans and for Steven."
Graeme Murty was sacked as Rangers boss on Tuesday after seeing his side suffer a record league 5-0 mauling by Celtic 48 hours earlier.
The onus of trying to topple Brendan Rodgers' all-conquering Hoops will now fall on to Gerrard - who served as Rodgers' captain during his Anfield reign.
That remains an almighty task given that the Parkhead club are 11 games unbeaten against their bitter rivals, but Press Association Sport understands Gerrard has been given assurances from Gers chairman Dave King he will be given the resources needed to take on his former boss.
And former Ibrox boss Ally McCoist insists the size of his budget will decide just how much of an impact Champions League winner Gerrard can make in Scotland.
He told Talksport: "I would be absolutely staggered if Steven Gerrard takes the job and he hasn't been given reassurances that he will be able to get some fresh talent into the club. That has to happen, that will have happened, if he is going to be paraded as the next Rangers manager.
"It's a brave appointment. It's a risk for Steven Gerrard and a risk for Rangers. It's a big risk.
"It's a massive massive job for anybody, particularly if it's going to be your first managerial job. As I said weeks ago, whoever got the job, the most important thing is they were given finances to bring a better quality of player in.
"No matter what happens, Rangers are judged against Celtic."