Blackburn chief executive John Williams has confirmed the club are still “in dialogue” with Rangers over a move for Barry Ferguson.
The Scotland international has already handed in a transfer request at Ewood Park as he seeks a return to Ibrox.
But the two clubs have been unable to reach agreement over a fee for the 26-year-old, who moved to Lancashire in August 2003 for £6.5m (€9.4m).
The deal appeared to be dead without agreement on the transfer fee but Gers boss Alex McLeish hinted there may still be movement before the close of the transfer window tonight.
And the Barclays Premiership club have this morning admitted negotiations are continuing.
Williams said: “We are in dialogue with Glasgow Rangers but we have no agreement.”