Walter Smith has confirmed Rangers have offered Kris Boyd a new contract and are hopeful of reaching an agreement with the striker.
Boyd's representative, Mark Donaghy, had a meeting with Ibrox chief executive Martin Bain on Thursday in which a new deal was tabled for the 26-year-old, who is out of contract at the end of the season.
Manager Smith said: "Martin spoke with Kris' agent yesterday [Thursday] and made him an offer. They have been left to think about it. We are hopeful we can reach agreement. It's a big decision he has to make and it's up to him. We hope he will stay with the club.''
Boyd is free to talk to other teams but Rangers are desperate for him to stay. The Scottish Premier League's record goalscorer has been linked with both Birmingham and Middlesbrough.
There have been reports Pedro Mendes could be sold to Sporting Lisbon to finance a new deal for Boyd, with the midfielder confirming this week he would be open to a move back to Portugal.
"I wouldn't mind moving if it helped the club,'' he said. "I'm aware Rangers are not in a good financial position but to what extent I'm not sure.''
Boyd almost left Ibrox a year ago after Rangers - who were told they had to sell players - agreed a fee with Birmingham but the move broke down over personal terms.
Ibrox manager Walter Smith insists he does not have to sell this month and the club reportedly rebuffed a fresh enquiry from the Blues.
Rangers assistant manager Ally McCoist this week assured supporters everyone at the club wanted Boyd to stay just as much as they do. Furious fans groups have warned of a season ticket boycott if Boyd is sold but McCoist admitted the club's hands could be tied if he fails to agree a new deal.
"I hear all the fans saying they want Boydy to stay but I just hope that they appreciate we are the exact same,'' he said. "We would be crazy if we didn't want to keep our top goalscorer. The man is absolutely on fire at the moment.
"But the situation is quite simple - his contract is up and he can exercise the right to speak to other clubs or speak to us about re-signing. I can speak for the rest of the coaches and the management when I say we all want Kris to stay and hopefully we can sort out a deal. I'd love to see him stay at Rangers and hopefully break more records and continue the way he is at the moment.''