Allan McGregor is set to be handed a new and improved contract by Rangers, Football Insider has learned.

The Scottish giants are eager to tie down the goalkeeper long before his current two-year deal expires at the end of the campaign.

Ibrox sources have told Football Insider that McGregor, 37, is set for a pay rise as well as an extension as a reward for his consistency since rejoining the club last year.

There is a clause in his current agreement automatically triggering a one-year extension if he makes a set number of appearances in this campaign.

That number is believed to be around the 25-match mark, a target McGregor is on course to hit within weeks.

The goalkeeper has already made 17 appearances this season and conceded just 10 goals, delivering another impressive performance in Sunday’s hard-fought 1-1 draw at Hearts.

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Such is the importance of McGregor  to the side that Steven Gerrard has made it clear to the Ibrox hierarchy he wants him to get a new contract even if he suffers a serious injury.

Gerrard regards the veteran keeper as one of the most important players in his side and has been blown away by the consistent excellence of his performances.

Not only is he a key member of the team’s spine, along with the likes of Connor Goldson, Ryan Jack and Alfredo Morelos, he is also an influential dressing room voice.

The former Scotland international has played some of the best football of his lengthy career since returning to Glasgow in the summer of 2018 on a free transfer from Hull City.

He instantly deposed Wes Foderingham as the number one and has barely missed a match since.

This has brought Foderingham’s own future into question ahead of January, with ex-England goalkeeper Paul Robinson telling Football Insider he may have to quit to reignite his career.

McGregor has played 318 matches for Rangers, 67 of which have come in his return, and also had a distinguished spell at Hull as well as shorter ones at Besiktas, Cardiff City and Dunfermline Athletic.

In other Rangers news, an Insider has revealed how “everyone in world football is looking at” Ibrox big name in BOMBSHELL.