• Danny Wilson's performances for Rangers this season have attracted the attention of Liverpool
The 18-year-old has risen to prominence with a number of eyecatching performances this season. He has a year to run on his existing Rangers contract and the club have opened negotiations with the Wilson's representatives about extending his deal.
Bain today admitted Liverpool are among the clubs who have declared an interest in the centre-back.
He told the club's official website: "Danny has been exceptional for us and where I'm at with those negotiations is that we have made him an offer – we've had many discussions – and there is a schedule that sits with his agent at the moment.
"Two English Premiership clubs approached us in January and since then I have had the odd discussion and we have seen people coming along to watch our players and you can see who they are coming along to watch.
"I can confirm that Liverpool have expressed an interest but a lot of clubs are keeping abreast of Danny's situation.
"Danny is a young boy and has done exceptionally well but I'm sure Walter would say he has a lot to learn and I would like to see him commit himself to Rangers and go on to become the Rangers player he can be.
"Sometimes in life you have to play the long ball and I hope this comes to fruition."