Former Rangers chief executive Charles Green is understood to be seeking financial backing for a fresh bid to regain control of Rangers.
The BBC have reported that Green has spent the last week in talks with potential investors.
The move will come as a surprise for fans, who thought they had seen the last of controversial Businessman.
Green, who led a consortium which bought Rangers’ assets in May 2012, resigned from his post last year. He later made a short term return as consultant before selling his shares in the club.
On selling his shares to Sandy Easdale, chairman of Rangers’ football board, in August 2013, Green said: “I want to make it clear that this means I will have no ongoing influence or financial interest at the club but I remain a fan and fervently hope that Rangers will soon be back at the top where they belong.”