The Sun reports that the 73-year-old has noted his interest in taking over the Scottish side to the club’s administrators.
Mandaric is one of those who have told the administrators who are now running Rangers, that they want to take over the club from Craig Whyte.
Yesterday Paul Clark of Rangers’ administrators Duff & Phelps said: “As administrators we also have a duty to look at other expressions of interest in the club.
“To date we have had several such expressions of interest and these will be examined in the forthcoming days and weeks. I will not comment on them individually.”
Mandaric took over troubled Sheffield Wednesday for just £1, but agreed to settle the club’s debts as part of the deal.