GIOVANNI van Brockhorst remains the clear favourite to become the next Rangers manager according to the bookies odds.

But Frank Lampard's price has been slashed after he ruled himself out of the running for the Norwich job.

Van Bronckhorst is still the odds-on favourite, at 2/5, to takeover at Ibrox after reportedly speaking with Ross Wilson about the position this morning.

The Dutchman, formerly Feyenoord boss, was in London to discuss the vacant managerial position as Ibrox chiefs continue their search to replace Steven Gerrard.

And Lampard has now become the second-favourite in the odds markets, but still way behind Van Bronckhorst, as he's dropped to 2/1 with Sky Bet.

The former Chelsea and Derby boss was well down the list at prices of more than 20/1 on Thursday before shooting back into contention.

Elsewhere, Derek McInnes remains in the odds at 10/1 with Gennaro Gattuso and Shota Arveladze both priced at 25/1.

Further back is Jonaton Johansson who is an outsider at 28/1 to take over in the Ibrox dugout.

Alex Neil, Duncan Ferguson and John Terry all also feature in the listing for next permanent Rangers manager at 33/1.

Next Rangers manager odds

Giovanni van Bronckhorst 2/5

Frank Lampard 2/1

Derek McInnes 10/1

Gennaro Gattuso & Shota Arveladze 25/1

Jonaton Johansson 28/1

Alex Neil, Duncan Ferguson & John Terry 33/1