Rangers have announced that Scott Arfield, Filip Helander, Ryan Kent, Allan McGregor and Alfredo Morelos will leave Ibrox this summer.
The quintet are out of contract at the end of the season and will not be handed extensions.
Steven Davis’ contract is also expiring, but the Northern Irish midfielder is in talks to continue working with Rangers’ medical team.
The 38-year-old injured his ACL in December 2022 and is still undergoing rehabilitation to return to full fitness.
McGregor was inducted into the club’s Hall of Fame in February and is set to be recognised in his testimonial match against Newcastle United on July 18.
The veteran goalkeeper started his career at Rangers after spending three years in their academy and has made over 500 appearances.
The 41-year-old has won four Scottish Premiership titles, four Scottish Cups and five Scottish League Cups with the club and is expected to retire at the end of the season.
Arfield joined the Light Blues from Burnley in 2018 and has played 230 games for them.
The former Canada international played a key role in their league triumph in 2021 and also won the Scottish Cup last year.
Helander joined from Bologna in 2019 and was a key player in the title-winning season.
However, injury has prevented the Sweden international centre-back from playing since April 2022 having also missed part of 2021 to injuries.
Attacking duo Morelos and Kent joined Rangers in 2017 and 2018, respectively.
The Colombian has bagged 124 goals in 268 games since joining from HJK and will go down in history as an Ibrox hero.
Kent has scored 33 goals in 218 games and has struggled for consistency in recent reasons.