Manager Steven Gerrard believes Rangers are “building something special” after extending his contract until 2024.
The former Liverpool captain, 39, was appointed on a four-year deal in May 2018, leaving his role as Anfield youth coach for his first managerial post.
The Ibrox club sit second in the Scottish Premiership, two points behind Celtic, who beat them in Sunday’s League Cup final.
On Thursday, Rangers reached the last 32 in the Europa League.
In his debut season, Gerrard led Rangers to a runners-up finish in the league and took them from the first qualifying round to the Europa League group stage.