Everton and Liverpool are monitoring Barrie McKay's situation at Rangers.

The Scottish Sun says SFA chiefs have told Rangers to FORGET handing McKay a five-year deal.

Hampden rules prevent clubs giving contracts of more than three years to players before their 18th birthday.

Boss Ally McCoist must now decide whether to give 17-year-old McKay a shorter deal or delay the five-year one until his next birthday. Liverpool and Everton have been credited with interest in the top prospect this week.