Walter Smith confirmed Rangers have offered Kris Boyd a new contract and he is hopeful of reaching an agreement with the striker.
Boyd's representative, Mark Donaghy, had a meeting with Ibrox chief executive Martin Bain on Thursday in which a new deal was tabled for the 26-year-old, who is out of contract at the end of the season.
"Martin spoke with Kris' agent on Thursday and made him an offer," said Smith on Friday. "They have been left to think about it. We are hopeful we can reach agreement."
He added: "It's a big decision he has to make and it's up to him. We hope he will stay with the club."
Boyd is free to talk to other teams but Rangers are desperate for him to stay.
The Scottish Premier League's record goalscorer has been linked with both Birmingham and Middlesbrough.
There have been reports Pedro Mendes could be sold to Sporting Lisbon to finance a new deal for Boyd, with the midfielder confirming this week he would be open to a move back to Portugal.
"I wouldn't mind moving if it helped the club," he said.
"I'm aware Rangers are not in a good financial position but to what extent I'm not sure."
Source: PA
