Ally McCoist is in the process of identifying potential transfer targets, with Rangers hoping to be in a position to open talks in January.
The Old Firm outfit are still working under a transfer embargo on the back of their much-publicised financial difficulties and subsequent demotion into the Scottish Third Division.
That ban will not be lifted until September 2013, but Rangers are allowed to discuss pre-contract agreements with players who will see their current deals expire at the end of the season.
St Johnstone midfielder Murray Davidson, a man Rangers failed to land over the summer, falls into that category and is expected to be contacted again in the New Year, but McCoist insists he will be playing his cards close to his chest until he knows exactly where he stands on the transfer front.
"There is no use making enquiries for players that we possibly couldn't afford or would be out of our reach in terms of finances," said McCoist.
"Until we have a reasonable idea of what our budget will be, that will give us a better idea of how well placed we are to go and chase these players.
"We've had an internal discussion, as you would expect us to do, and we are talking about players as every manager and coaching staff would do.
"But in terms of pursuing it and taking it to the next step, we will do it in the right manner."
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