Derby County up the ante in pursuit of Rangers boss Steven Gerrard - £8m offer
Derby owner Mel Morris wants £7million in compensation from the Premier League side before they put a tantalising offer to Gerrard.
It is believed Gerrard would also earn a salary of around £2.5million-a-year.
A spokesperson for the Scottish side stated their willingness to hold on to Gerrard who is understood to be keen to stay with the club.
They said: "Let's get one or two things clear. Our manager has not been approached and he remains one hundred percent committed to the job he has here."
Gerrard is close to adding his seventh summer signing with Joe Aribo undergoing a medical in Glasgow today (Monday).