Rangers could be set for a contracts boost with Steven Davis closing in on a deal and Madjid Bougherra possibly set to open talks.[LNB] The Scottish Premier League champions saw a bid for Espanyol defender Raul Rodriguez knocked back last night but director of football Gordon Smith believes there is good news afoot in terms of existing players.[LNB]While Juan Manuel Ortiz is the sole newcomer since Craig Whyte completed his takeover deal in May, the new regime have shown they can tie up a deal by securing Steven Whittaker and Allan McGregor on contracts totalling 11 years.[LNB]Davis is set to follow and Smith claims Bougherra could begin talks despite speculation over a summer exit.[LNB]"We have offered Steven Davis an extension to his contract and we're hoping we get that completed," Smith told BBC Scotland. "We are just waiting to finalise it."[LNB]He added: "Madjid Bougherra, we were always looking to have him this season playing for us.[LNB]"The possibility now is that he's interested in talking further with us with a view to extending his contract.[LNB]"A lot of people just thought that Madjid Bougherra said he didn't want to stay at Rangers.[LNB]"But that is certainly not the case and there is a possibility that he could be staying for a longer time."[LNB]Rangers could increase their offer for Rodriguez and they retain interest in Carlos Cuellar, Kenny Miller and David Goodwillie.[LNB]And 41-year-old defender David Weir is close to agreeing a deal to play on this term after appearing in the pre-season games in Germany.