Liverpool icon Steven Gerrard “doesn’t know” what money will be available to spend this summer if he takes over as Rangers manager, according to Danny Murphy, after reports suggested he could be named as Gers boss as early as this week.

ESPN have claimed that a four-year contract is on offer for Gerrard to take the reins at Ibrox and replace Graeme Murty in the hotseat.

Murphy admitted that he “can’t say” if Gerrard will take the job because of the lack of clarity of what funding will be in place to rebuild the Light Blues squad.

“I can’t say if he’s taking the job yet because I don’t know – he doesn’t know – what’s in the war chest,” Murphy said, as quoted by the Daily Record.

The Gers aready look to have secured the signing of Canadian international Scott Arfield on a Bosman while Jason Cummings and Jamie Murphy both have agreements in place for the Gers to turn their loans into permanent deals at the end of the season.

The Ibrox giants will need a massive overhaul in the summer with as many as 15 players potentially leaving this summer so there will need to be money in place for director of football Mark Allen and Gerrard – or whoever takes the job – to bring in some real quality.

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Football Insider verdict:

It wouldn’t be a shock to hear money is a sticking point in the move although there are still some massive reservations over Gerrard’s fit for the job. The 37-year-old’s complete lack of coaching experience doesn’t do him many favours when the Gers have just watched bitter rivals Celtic lift the title for the seventh year in a row. Although the Gers have spent money in the last few years it has largely been wasted and the Ibrox giants can’t afford to squander so much on dross and make sure any signings are throughly scouted ahead of time.

In other Rangers news, Dave King must improve his offer to Gerrard after an English club joined the hunt to appoint the Liverpool icon.

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