By James Black

Wales manager Chris Coleman is the new fourth favourite to replace Pedro Caixinha as Rangers manager, according to the latest bookmakers’ odds.

SkyBet have the 47-year-old at 8/1 to succeed the Portuguese as Rangers boss after a remarkable slash in odds that were at 40/1 eight days ago.

Aberdeen manager Derek McInnes (8/13) remains strong favourite to take the reins at Ibrox while interim boss Graeme Murty (4/1) and former Ibrox star Giovanni van Bronckhorst (6/1) remain in the running.

Coleman is given the same odds as Northern Ireland manager Michael O’Neill as question marks remain over both men’s future after failing to qualify for next summer’s World Cup with their respective national sides.

Wales were knocked out in the group stages of qualifying for the World Cup after finishing third behind Germany and Northern Ireland a little over a year after knocking Northern Ireland out of the European Championships in the second round.

Coleman’s contract expires next month and the 47-year-old will be free to move on without any compensation after almost six years in charge of the Welsh national team.

The former defender – who had his playing career cut cruelly short by a horrific car crash – joined Fulham’s coaching staff after hanging up his boots in 2002.

Within a year he had been named as manager and led the Whites to a surprise ninth-place finish in the Premier League.

After struggling to repeat his early successes, Coleman was sacked by Fulham in 2007 before surprisingly re-appearing as Real Sociedad manager a few months later.

Despite an impressive start in San Sebastian, Coleman resigned six months later following a disagreement with the club president.

Two years at cash-strapped Coventry City followed before a brief spell in Greece managing AEL.

Football Insider verdict: With a host of new names being mentioned in the last 24 hours, Coleman is the most realistic – and promising – of them all. While he’s not exactly been a huge success everywhere he has been, Coleman is highly-thought of as a manager and ticks a lot of the boxes the Rangers board are looking for. Wales have played some really attractive football under Coleman and, while Rangers don’t have a Gareth Bale, there should be enough quality for the likely soon-to-be-former Wales boss to find some success with them.

In other Rangers team news, a former ‘Gers striker claims that Alfredo Morelos will return to goal-scoring from soon 

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