Image copyright Reuters Image caption Steven Gerrard was speaking as a pundit on BT Sport's Champions League coverage

Steven Gerrard has confirmed he has held "positive talks" with Rangers about taking over as manager at Ibrox.

The former Liverpool and England captain, 37, is still in negotiations about succeeding Graeme Murty, who was sacked as interim boss on Tuesday.

"I have held initial talks and I have plans to pick them up in a couple of days' time," he told BT Sport.

"I'm busy for a couple of days now and I'll pick it up on Thursday and we'll see if we can progress it."

Gerrard has been an Under-18s coach with Liverpool's academy since retiring from playing in 2016 after a spell with LA Galaxy in Major League Soccer in the USA.

He played 710 games and scored 186 goals for Liverpool in a 17-year career at Anfield, winning eight major trophies including the Champions League in 2005.

Gerrard also made 114 appearances for England and captained the side at three of the six major tournaments he played at.

Murty, 43, was relieved of his duties after taking over on an interim basis last October from the sacked Pedro Caixinha.

After Rangers failed to lure Derek McInnes away from Aberdeen in December, Murty was appointed until the end of the season.

But he was removed from the post on Tuesday with three league games of the season left, after Sunday's humiliating 5-0 defeat by Celtic.

Rangers are now third in the Scottish Premiership, three points behind Aberdeen and level on points with Hibernian.

They face both their rivals for second spot away from home in their final two games, following Saturday's home match with Kilmarnock.

Analysis - 'The Rangers job is no ordinary manager's job'

Kilmarnock's former Rangers striker Kris Boyd on Sportsound: "You can understand the whole lure of coming to Ibrox for Steven Gerrard, but you can also understand why it has taken so long, from when we are led to believe discussions started a week to 10 days ago.

"He will want something concrete on what he has got going forward, because it is a big, big risk for him as well.

"He knocked back the MK Dons job in 2016 because he said he wanted to develop first. Now that he has had that time coaching the youth at Liverpool, he obviously feels he is ready to take a manager's job.

Image copyright SNS Image caption Gerrard attended an Old Firm game at Ibrox in March, when Celtic won 3-2

"But as we all know, the Rangers job is no ordinary manager's job, especially not your first one.

"For me, it is time they got an experienced manager in there who knows how to manage a club from top to bottom. They are not needing three, four months to get up to speed. These guys know what they need to do and get on with the job. They are not learning on the job as such.

"Yes, Steven Gerrard might go on to be a world-class manager, as he was a player, but I don't think Rangers have the time to let someone develop. It needs to be someone who knows the league and what is going on.

"Money may not be the be-all and end-all for Gerrard because he has had a great career and earned a lot of money, but he is not going to come up here for peanuts and put up with everything he has to put up with.

"He needs to be paid correctly and he will want his staff to be paid correctly as well. It is not just Steven Gerrard, it is the whole package and everything he will bring."