Rangers target Martin Petrov

Glasgow Rangers are reportedly preparing an offer for Bolton Wanderers winger Martin Petrov.

The 33-year-old is out of contract at the Reebok Stadium this summer and has yet to commit his future to the Trotters.

Rangers have a small window available in which to sign players on free transfers after their 12-month transfer ban was deemed unlawful by the Court of Session.

Manager Ally McCoist intends to capitalise on the loosening of the club's restrictions by offering Petrov a £20,000-per-week contract, according to the Daily Mail.

The Scottish giants have also been linked with a move to bring former AC Milan midfielder Gennaro Gattuso back to Ibrox.