Joleon Lescott has decided against a move to Rangers following talks with the club.
Lescott visited Glasgow but it is understood he has told manager Mark Warburton that he does not want to move to Scotland for family reasons.
The 34-year-old, who has a young family, was available on a free transfer with Aston Villa prepared to pay a portion of his final year's salary. The former Everton player has also been linked with a move to David Moyes' Sunderland.
Warburton could now turn to Philippe Senderos in his search for a fourth centre-back. The 31-year-old former Arsenal defender is a free agent and has been training with the club this week.
Rangers are still on course to sign Preston striker Joe Garner in a £1.5million deal, but it is unlikely to be completed before Saturday's Ladbrokes Premiership clash with Motherwell.
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Rangers supporters have laid tributes outside Ibrox to former player Arnold Peralta who was shot and killed in Honduras this week.
Fans also observed a minute's silence prior to kick-off of the match against Morton for the midfielder who had an 18-month spell in Scotland.
A majority of Rangers shareholders have voted against Mike Ashley's demand that the club immediately repay a £5million loan dished out by his Sports Direct empire.
Englishman Mark Warburton has been appointed as Rangers' new manager after agreeing a three-year deal, the club have announced.
The former Brentford boss, who will be assisted by ex-Light Blues captain Davie Weir, has been tasked with leading the Scottish Championship side to promotion at the first attempt by Gers chairman Dave King.
The 52-year-old takes over from interim boss Stuart McCall, who was overlooked for the position after a humiliating 6-1 play-off final defeat to Motherwell cost the club their Scottish Premiership return.
Rangers moved within two games of ending a three-year exile from the Scottish Premiership after holding off Hibernian in their play-off semi-final at Easter Road.
Two goals up from Wednesday's first leg, the Glasgow side could afford to concede Jason Cummings' late strike in the Leith return and hold on for a 1-0 defeat which sees them through to a final showdown against Motherwell with a 2-1 aggregate success.