Rangers have pulled out of a proposed friendly with Celtic that was due to take place in Australia in November.
It had been announced that the champions of Scotland would play in a four-team tournament, the Sydney Super Cup, against their Old Firm rivals as well as A-League duo Sydney FC and Sydney Wanderers.
The game between Rangers and Celtic would have been the first Old Firm derby to take place overseas.
However, Rangers have now confirmed they will not be taking part in the tournament.
A statement released by the club said: “Rangers can confirm the club will not be participating in the Sydney Super Cup in November 2022.
“After it became clear the tournament organisers were unwilling to fulfil their commitments to Rangers, we have, with immediate effect, terminated the club’s agreement with the organisers.”
Rangers fans had voiced their displeasure at the proposal, interrupting the recent 2-1 win at Dundee on several occasions by throwing tennis balls and toilet paper onto the pitch.