McCoist and boss Walter Smith are out of contract in January and both have yet to agree an extension, with reports suggesting Smith is seeking assurances over cash for new players before committing himself.

McCoist is tipped to replace the veteran manager at the helm when he does quit Rangers and hopes to remain with the Scottish champions.

He told the News of the World: "I'd love to stay for life. This is my dream job. I am back coaching at the club I've supported since I was a wee boy and I love it.

"I lived the dream when I played for Rangers after growing up and supporting them and now I am doing it again as a coach.

"I'd love to carry on working here and hopefully I will."