Rangers have announced that they have withdrawn from the Sydney Super Cup this November as tournament organisers 'were unwilling to fulfil their commitments'.
The Gers revealed at the beginning of March that they would be joining Glaswegian rivals Celtic, Sydney FC and Western Sydney Wanderers in the four-team tournament.
Rangers were scheduled to go Down Under during a five-week break for the 2022 World Cup in Qatar; however, the Scottish Premiership champions have since pulled out of the competition.
A club statement on their official website read: "Rangers can confirm the club will not be participating in the Sydney Super Cup in November 2022.
"After it became clear the tournament organisers were unwilling to fulfil their commitments to Rangers, we have, with immediate effect, terminated the club's agreement with the organisers."
Sky Sports News reports that Rangers decided to terminate their contract with the competition due to a plethora of factors, including the inability to use the brand 'Old Firm' and the timings of the tournament.
It remains to be seen whether the Sydney Super Cup is to go ahead, but this announcement now means that the first-ever Old Firm derby to be played outside of Scotland will not be taking place in Australia this year.
Both clubs will be locking horns in the Premiership on Sunday, with Ange Postecoglou's men currently sitting three points clear of Giovanni van Bronckhorst's side in second place.
