Graeme Souness has been linked with a shock return to Glasgow Rangers.

Businessman Brian Kennedy confirmed plans to lure the club's former player-manager back to Ibrox if his bid to assume control of the Glasgow team is successful, according to the Daily Mail.

Kennedy did not reveal the nature of the role he is lining Souness up for, but did express interest in bringing Walter Smith back to Rangers in a director of football capacity.

"I think there is a big job to be done," he said. "There is something to be effectively resurrected here from scratch. And, if you are going to do that, then you would be foolish not to utilise the expertise and experience of such people as Graeme Souness and Walter Smith.

"I have not spoken to Walter, not at this stage. But Graeme is a personal friend, so I have talked to him at length about Rangers. But I have not taken it any further than that - as yet. Purely because we have to see where this goes first before we shout about these things from the hilltops."

The entrepreneur also gave his backing to current Rangers manager Ally McCoist, describing him as "a lovely lad and very capable".

Kennedy faces stiff competition for control of Rangers from former director Paul Murray, who is reportedly finalising a deal for the football club.