The former Rangers boss is under serious review for a shock return to Ibrox following the official dismissal of manager the ex-Swansea boss.
The coach's unsuccessful period in Glasgow concluded with the gaffer leaving the Falkirk's ground via a back exit and a pre-arranged transport after a share of the points which left the Glasgow side a significant margin from the summit of the premier division after just seven games.
Furious supporters had encircled the club coach in Falkirk, showing their discontent.
The Rangers board had been hesitant to part with Martin, who was only hired in the summer, despite loud complaints from fans.
However, there was an realization that the coach's role had become untenable.
The club have managed only one win of their league fixtures to date, which has been alongside disappointing displays in European competition.
Collectively, the coach secured just five victories of 17 official games, with a lackluster, confused brand of football that earned him few friends.
“Even though changeovers take a while, outcomes have failed to reach the club’s expectations,” said a club announcement on the weekend.
“Number two the assistant, and first-team coach the coach, will also be departing. Russell and his staff have worked exceptionally hard throughout their tenure. We express gratitude for their work and hope for the best for the time ahead.”
The Liverpool legend claimed the league with the Ibrox side in that campaign, their only championship since over a decade ago.
His performance in Glasgow before then, coupled with difficulties at Villa, creates uncertainty about his leadership skills.
Yet he is held in high esteem by the very set of fans Rangers are keen to get back on side.
The return of the Liverpool icon, who most recently coached in the Middle East, would be widely welcomed.
Gerrard will also be conscious of what scarce chances he has to be a manager in top-tier competitions.
The coaching change will intensify scrutiny on Kevin Thelwell, the Ibrox director.
He had been hugely supportive of the gaffer while publicly revealing a net spend of twenty million pounds in the summer window.
Martin had signed a three-year contract.
Martin, who had formerly managed the League One side and the Swans, guided Southampton to elevation to the English football's elite in 2024 after being appointed the previous summer.
He was dismissed last the end of the year after the Southampton managed only one win of their opening 16 fixtures.
He was appointed the interim boss's successor in June, after the temporary manager had replaced the dismissed the former manager in the earlier part of the year.
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