Rangers have sacked manager Philippe Clement following Saturday's home defeat by St Mirren, with the side 13 points behind Scottish Premiership leaders Celtic.
"The club would like to put on record their sincere thanks to Philippe for his hard work and dedication during his spell in charge," Rangers said.
"A further update from the club will follow in due course."
The Belgian, 50, had been under pressure this season as his team struggled to match Celtic's consistency and this month's Scottish Cup loss at home to Queen's Park increased supporter unrest.
Off the pitch, 49ers Enterprises are negotiating a potential takeover of Rangers, which could be completed between April and June.
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