Rangers have reached a verbal agreement with Everton for the sale of striker Nikica Jelavic.
STV has learned the striker will now hold talks over personal terms and undergo a medical with the English Premier League club, after a package in excess of £5m was accepted.
Negotiations were conducted between the respective chairmen of both clubs, Craig Whyte and Bill Kenwright, on Monday.
Jelavic has scored 36 goals in 54 appearances for Ally McCoist’s side, having moved from Rapid Vienna in the summer of 2010.
With McCoist now short of striking options, the Rangers boss may look to previous linked targets on deadline day.
Rapid Vienna's Hamdi Salihi, Norwich City's Grant Holt and St Johnstone's Francisco Sandaza are all possible options, with the window due to shut at 11pm on Tuesday.