Aston Villa aim to land Rangers boss Steven Gerrard for a knockdown compensation fee.
Villa are reportedly hoping to make Steven Gerrard their new manager by paying less than £3million compensation.
The Villans sacked Dean Smith on Sunday after a fifth straight defeat and are hoping to appoint a replacement as quickly as possible.
The Daily Record reports 'that Ibrox bosses had been placed on a 48 hour red alert' as the Premier League club are preparing to make an official approach for the 41-year-old Liverpool legend.
Now they claim Villa's move could come TODAY after 'a series of frantic negotiations behind the scenes' over the past 24 hours.
Villa chief executive Christian Purslow, who previously worked with Gerrard at Anfield, has been engaged in a 'period of intense back channelling and extensive background checks' since axing Smith.
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