By Wayne Veysey

1st Nov, 2017 | 12:28pm

Deal done: Rangers strike verbal agreement with 46-yr-old, signature is coming - report

By Richard Parks

Rangers have agreed a severance package with Pedro Caixinha and he is free to land a new managerial post, according to a report.

The Scottish Sun claim that a pay-off has been “verbally agreed” between the two parties and will be signed imminently.

This comes after Caixinha’s agent Nuno Batista had claimed that delays in striking a deal with Rangers were holding up the Portuguese’s return to the dug-out at another club.

Caixinha, 46, was axed last week last Thursday with more than two years remaining on the contract that he signed in March.

The Scottish Sun report that four Mexican clubs are keen to appoint Caixinha but cannot do so until he formalises an agreement with the Glasgow giants.

Subscribe to Football Insider TV now

They include Caixinha’s former club Santos Laguna, as well as Mexican heavyweights Guadalajara, Cruz Azul and Pumas.

Football Insider verdict:

Rangers fans may be a little non-plussed that Caixinha is attracting such interest, but the Mexican league is a relative backwater despite the passion for the game in the central American country. Santos Laguna or one of the other Mexican clubs supposedly hot on the Portugese’s trail is about Caixinha’s level, following his difficulty in making a genuine impact during his seven months in the Ibrox hotseat. The Portugese departs Rangers with a fat pay-off and a bigger wallet, but his reputation has not been enhanced and it is hard to see him getting another manager’s job in British football. He has his qualities, but proved not to be up to the task.

In other Rangers news, a Sky Sports pundit has revealed he is interested in becoming the club’s new manager.

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.