Midfielder Gregg Wylde is the first player out of the door at Ibrox. It is understood that Wylde is one of several players who asked to be released from their contracts.
Wylde only signed a new deal with the Ibrox side in August 2011, a five year deal which would have kept him at the club until 2016.
It has been reported that the youngster has waived his wages for March and has not taken a redundancy package.
Wylde told STV Sport that he “couldn’t sleep at night” and took the decision to leave in the hope that it will “save other people’s jobs” at the club.
Meanwhile Wylde looks to be heading to England tomorrow for signing talks with at least three clubs interested in signing the player on a free transfer. Southampton, Blackpool and Bolton are understood to be vying for the player’s signature.
Former GAIS forward Mervan Celik has been released by the club after failing to agree to a wage cut, the Swedish Under-21 international failed to make any sort of impact at Ibrox and his departure is little surprise.
If no player accepts a wage cut then they will be shown the door by the administrators with more than 11 players facing the axe as Duff & Phelps look to make savings of around £1 million per month.
More to follow.