Rangers chief executive Charles Green has revealed that Andrew Little has agreed to rejoin the club.
The striker is believed to have turned down a number of offers to sign a new contract with the Ibrox-based side, who are awaiting confirmation of their place in the fourth tier of Scottish football next season.
Once their presence has been accepted, manager Ally McCoist will be able to sign new players, starting with Little.
"Andrew Little is coming back to the club," Green told the club's official website. "We've agreed terms with him and hopefully he will re-sign tomorrow.
"So I think people will see Rangers coming out of the mire, as it were, and there is a lot of confidence around the club.
"Some of our senior players have agreed to stay with us and that's really commendable because you couldn't blame them for picking up their bags and going elsewhere."
The 23-year-old scored five goals for the Gers in the Scottish Premier Division last season.