Ian Black has reached an agreement to sign for newco Rangers if the Ibrox club gets a positive outcome on its league status.

STV understands that, depending on what league Rangers will play in this season, the former Hearts midfielder will become their first signing.

Currently, Charles Green’s new company cannot register players with the Scottish FA. However, after holding discussions with manager Ally McCoist, Black has indicated he would complete a deal, depending on Rangers’ league fate.

The new company formed by Green to continue the club’s legacy, following the commencement of liquidation at the financially crippled old company, is currently applying for membership to the SFA.

Black, 27, started his career as a youth at Blackburn Rovers but failed to break into their first team and instead signed for Inverness Caledonian Thistle in 2004.

A five year spell at the Caledonian Stadium, during which he scored eight in 144 appearances, led to a free transfer to Hearts after his contract expired in 2009.

Black went on to play 102 times for the Tynecastle club, ending his three-year spell in Gorgie with a Scottish Cup winner’s medal gained in a 5-1 final win over Hibernian.

He left Tynecastle in May after Hearts decided against extending his contract.

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