Rangers have agreed a severance package with Pedro Caixinha and he is free to land a new managerial post, according to the Scottish Sun.
The newspaper claims that a pay-off has been “verbally agreed” between the two parties and will be signed imminently.
This comes after Caixinha’s agent Nuno Batista had claimed that delays in striking a deal with Rangers were holding up the Portuguese’s return to the dug-out at another club.
Caixinha was axed last week last Thursday with more than two years remaining on the contract that he signed in March.
The Scottish Sun report that four Mexican clubs are keen to appoint Caixinha but cannot do so until he formalises an agreement with the Glasgow giants.
One of those is Caixinha’s former club Santos Laguna, while there is also interest from Mexican heavyweights Guadalajara, Cruz Azul and Pumas.
OPINION
Eyebrows may be raised by claims that four clubs already want to make Caixinha their new manager. But the Mexican league is a relative backwater despite the passion for the game in the central American country. Rangers fans could be forgiven for thinking that managing Santos Laguna or one of the other Mexican clubs is about Caixinha’s level, following his difficulty in making a genuine impact during his seven months in the Ibrox hotseat. The Portugese departs Rangers with a fat pay-off and a bigger wallet, but his reputation has not been enhanced and it is hard to see him getting another manager’s job in British football. He has his qualities, but proved not to be up to the task.