RANGERS legend Paul ‘Gazza’ Gascoigne has spoken out amid reports Steven Gerrard is set to take the helm at the Ibrox club for three years.

The 50-year-old - who played for Rangers between 1995 and 1998 - said Gerrard’s appointment is “great for Glasgow Rangers.”

Speaking to Sky Sports News, he added: “What a club it is. It’s massive. I loved my time up there - I can never get them years back. Fantastic club. It’s great they’ve got him on board.”

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When asked about how Rangers have been performing in recent years, he replied: “A manager is only as good as they players he’s got.”

He went on: “When I signed for Rangers, it was a few years before that I met Walter Smith, and I always used to think, ‘Wow, I’d love to play with that guy’. The players at the club were great.

“Stevie’s young, he’s eager, he’s keen. On top of that, he’s a winner. That’s who you want to play for.”

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Asked whether the former Liverpool captain is taking is a risk, Gazza lavished praise on the fans, believing they will see him through.

“When you’ve got fans like that behind you, nothing’s a risk, believe me. Whenever I was having a bad game - which I never did - when you get the fans behind you, on and off the field, it just gives you a lift. He’ll have the bonus of an unbelievable crowd behind him,” he added.

“If he brings in players, the one thing is, they’ll love Glasgow,” he said.

Rangers are set to unveil Gerrard as their new manager after calling a press conference for this afternoon.

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Light Blues sources were yesterday increasingly confident of landing the former Liverpool and England skipper.

And according to reports on Friday morning, a three-year deal has been agreed that will see Gerrard - who has only previously coached Liverpool's Under-18s - take his first step into first-team management.

Gerrard is set to be joined in Glasgow by former Reds team-mate and ex-Scotland captain Gary McAllister, who will be named as his assistant.

Graeme Murty was axed as Rangers boss on Tuesday after seeing his side suffer a record league 5-0 mauling by Celtic 48 hours earlier.