The Buddies now join Hibs, St Johnstone and Livingston in the final four of the competition to be played next month – but not before the football trading period begins.
That has kicked off the usual links across the continent and beyond with Scottish clubs in the thick of it too.
So far there have been few confirmed moves for the mid-season transfer window, but it’s the time of year pre-contract deals can begin to be discussed and with a title race well and truly on in the SPFL Premiership – and now silverware up for grabs for the top league quartet, it could transpire to be a busy January for clubs north of the border.
Here’s how things are looking in the world of football speculation, transfers and gossip in the rumour mill of Thursday, December 17.
1. Favourites tag
Michael Stewart reckons his former club Hibs are now favourites for the Betfred Cup after Rangers were eliminated by St Mirren last night. They last won the trophy in 2007. (Premier Sports)
Photo: SNS Group Alan Harvey
2. Cherry-picking talent?
Bournemouth have been touted to move for three SPFL Premiership players net month - Kilmarnock's Nicke Kabamba, Joe Newell of Hibs and Dundee United top scorer Nicky Clark (the72.co.uk)
Photo: Rob Casey - SNS Group
3. Comeback trail
Former Celtic midfielder Charly Musonda is on his way back from an injury nightmare and determined to make it at Chelsea (GiveMeSport)
Photo: Albert Perez
4. Major move
Mark McKenzie of Philadelphia Union has said he'd still be open to a move to Scotland from the MLS where he plays for Philadelphia Union after seeing a switch to Celtic fall through earlier in the year (Sky Sports)
Photo: Mitchell Leff