Rangers manager Steven Gerrard is closing in on a new contract at the Scottish Premiership club and that would effectively rule him out of the equation as far as the vacant managerial job at Arsenal is concerned.
The news of his contract extension at Rangers was revealed by the Daily Mirror as it was confirmed that the Liverpool legend will sign a new deal until 2024.
The former Liverpool midfielder has impressed a great deal since being appointed into this post as the Rangers manager last summer.
He is in his second season at Ibrox with Rangers in serious contention for the league title alongside rivals Celtic.
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The former Liverpool skipper has been mentioned as one of the managers in contention for the Arsenal job which became vacant at the end of last month.
The Gunners sacked Unai Emery at the end of last month after results nosedived.
The Spanish tactician lost his job at the end of a seven-game winless run and was swiftly replaced by Freddie Ljungberg who’s a club legend.
The winless run of games has been extended to nine matches under Arsenal legend Freddie Ljungberg.
Arsenal managerial target Steven Gerrard has also been mentioned as the potential successor to Jurgen Klopp at Liverpool.