Queens Park Rangers expect Michael Bell to leave and join Scottish Premier League giants Rangers as their new manager.
Hobbs boss Bell, former assistant to Steven Gerrard at Ibrox, has emerged as a target for Rangers to replace the sacked Giovanni van Bronckhorst.
QPR accepted a request from Wolves to set up talks with Bale earlier this season but ultimately rejected their advances.
But now the 42-year-old could leave Loftus Road and return to Scottish football.
Rangers are looking for a new manager after Van Bronckhorst sacked Giers by nine points from the top of the Scottish Premier League and out of the Champions League as the worst team to play in the tournament statistically.
Bell’s stock is up at the moment after making a good living as a QPR manager, taking them to the top of the table in October.
They are winless in their last five matches in the tournament but are still looking for promotion as they find themselves in seventh place.
Bale’s big break in football saw him become a part-time youth coach at Chelsea.
He then moved to Liverpool, where he became coach of the Under-16s and then the Under-23s.
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In this role, he met Steven Gerrard, who followed him to Rangers in May 2018.
He was Gerrard’s assistant when Rangers became Scottish champions for the 55th time, denying Celtic a tenth successive league title in the process.
He followed Bill Gerrard to Aston Villa in November 2021 as number 2, before moving into management and taking over at QPR last summer.
A great start to the campaign saw the Wolves make an approach, but Peel rejected their advances, citing his ‘integrity and loyalty’ as the reason for turning down the job.