By Danny Wright

8th Mar, 2017 | 8:32pm

Major development: This is when Rangers new manager will sign, Celtic dugout status – report

By Danny Wright

Pedro Caixinha will be confirmed as Rangers manager on Friday but will not be in charge during the Old Firm derby on Sunday, according to a report.

The Scottish Sun reports that the Portuguese boss will be named as the new Ibrox boss at lunchtime on Friday and end the search to replace Mark Warburton who left the club in February.

Al-Gharafa, Caixinha’s current club, granted him permission to secure the move to Glasgow on Wednesday but no compensation fee between the two clubs has been agreed as of yet.

The 46-year-old will sign a deal worth £800,000-a-year to take charge of the club.

He has been in charge at the Qatari club since December 2015 and has also had spells at Santos Laguna, in Mexico, Nacional and Leiria in his native Portugal.

Subscribe to Football Insider TV now

Before taking his first management job in 2010, Caixinha also has spells as assistant manager for the national team of Saudi Arabia, Rapid Bucharest and Sporting CP.

Graeme Murty has been the club’s caretaker manager since Warburton left and will continue to take charge against Celtic on Sunday while Caixinha will be sat in the stands at Parkhead.

The Rangers under-20 manager has took charge of the last five matches for the Light Blues, winning three and losing two.

Murty secured Gers’ place in the semi-finals of the Scottish Cup with a 6-0 win over Hamilton at the weekend to set up another Old Firm clash with the Bhoys.

In other Rangers news, here are three reasons why the Light Blues should re-sign this 25-year-old assist master.

We’ve launched a <<BREAKING NEWS FEED>> exclusively for your club. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Rangers breaking news.