Club legend Barry Ferguson has emphasised that Rangers must take decisive action to trim their wage bill during the upcoming January transfer window.
With financial sustainability a priority, the Ibrox board are looking to offload several players who have not been performing at their best.
One of the most notable names on the chopping block is striker Cyriel Dessers. The Nigerian forward, who has struggled to find consistent form this season, is among the higher earners at the club and currently finds himself behind Danilo and Hamza Igamane in the pecking order.
Given his limited contributions over the past month, Dessers is viewed as a prime candidate for a transfer as the Light Blues seek to bolster their squad with new additions.
Kieran Dowell, who was signed by former Rangers manager Michael Beale in May 2023, has also faced challenges in securing consistent playing time. His inability to make a significant impact on the pitch since arriving from Norwich City has raised questions about his future in Glasgow.
Guys like Alex Lowry, who had a loan stint at Heart of Midlothian last season are prime candidates for trying to find opportunities elsewhere.
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Ferguson, who was delighted to watch Rangers leapfrog Aberdeen in the league standings following their 1-0 win over Dundee on Saturday, knows the challenges of making wholesale squad changes midway through the season.
Yet, he's hopeful that business can be done to give the team some much-needed freshness.
Rangers currently trail Celtic by nine points in the Premiership title race.
"They obviously still have to cut the wage budget and still get a few higher earners off the wage bill," the former Rangers captain said on the Go Radio Football Show.
"Then you're looking at guys who are round about the squad and not getting in the 18.
"I saw today young [Adam] Devine and [Alex] Lowry, and maybe even Leon King going out on loan. I'm sure they will be trying but it's easy to say you want to get it done. Clubs need to want these players.
"I'm sure they'll try their best to do a bit of work and help the manager, because he'll want to bring in one or two to go and strengthen.
"I always think it's important in the windows to bring a couple of new guys in. You walk through the dressing room door and think theres more competition for places."
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Earlier this month, current boss Philippe Clement explained that the decision to reduce Rangers' wage bill and the average age of the squad played a significant role in the modest transfer revenue generated this summer.
During the club's annual general meeting on December 5, it was revealed that Rangers earned £810,000 from the sales of players including Todd Cantwell, Connor Goldson, Sam Lammers, Robby McCrorie, and Scott Wright.
Additionally, seven other players departed the club on free transfers. In contrast, the team invested approximately £13.4million in new signings.
Rangers had previously disclosed a substantial loss of £17.2m for the financial year ending in June, underscoring the challenges faced in balancing finances while refreshing the squad.
"Some were older, some were maybe earning a lot of money that other teams don't want to pay.
"If you sign a player 28, 29, 30 years old and you give him a contract for two, three years, four years or five years - and some players still had contracts also - you know you don't have added value."
