The Scottish club is searching for a new head coach following the departure of Russell Martin earlier this month, who oversaw a disastrous start to the Gers’ 2025-26 Scottish Premiership campaign.
Premier League and Newcastle legend Shearer has commented on the Rangers’ situation, addressing Gerrard’s decision to withdraw from contention for the Scottish club’s head coach role.
"I don't know Steven's tax situation with him being back in the UK and he can only answer that. There is that 'never go back' saying but if he wants to get back to management, he knows what it's like up there, he's done it and been successful before,” Shearer told Betfair.
“He's a huge name in football. I don't think Celtic are that great either. Hearts are top of the SPFL at the moment so that tells you that Celtic aren't a great team either.
“Steven, or whoever goes into that role may fancy their chances and say it's worth the opportunity and worth going up there to compete. Rangers are miles off it at the minute and it's no surprise that Russell lost his job.
“The fans were going mad up there and it's not nice to see because of the human behind it and at the end of it. That's what you have to think of but you also know the score when you go into management - if you don't win games, you'll get sacked. The Rangers job will be a brilliant one for whoever takes over."