SUMMER is normally a time for Old Firm fans to speculate on who they would love to see in their team and to get excited about potential signings coming to Glasgow to wear the blue or the green.

Gordon Strachan and Walter Smith have a big job getting the right players in, but for me the greatest test at either club could be who they manage to get out the door.

The dead wood at both clubs is eating up vital funds that both managers could do with to inflate their transfer budgets and, in turn, increase the quality in the squad. Portugal power is looking electric PORTUGAL, my tip for Euro 2008, are powering nicely through the gears at the moment and are also the first team to qualify from the group stage after their 3-1 win over the Czech Republic yesterday.

Ronaldo has still to reach maximum power, but thankfully they have Deco, who is still capable of his own magic if the world's greatest player has an off day.

I am a little worried, I have to admit, by a couple of other teams in the tournament more than capable of bursting my bubble. Holland were magnificent against the Italians and seem to be clear of the in-house fighting that has dogged previous competitions they've entered.

Spain's 4-1 over Russia suggested to me that maybe without the troublesome Raul in the squad this unified team could go all the way.

Still, I am not for turning.

Take big Phil Scolari to be celebrating at the end of the month as manager of the European champions before heading off to pick up more than a few million as the new manager of Chelsea.

I've had a look at each squad and I feel the greater pressure is all on Rangers boss Smith to offload no less than a full team and then try to add the flair the Ibrox fans crave.

Champions Celtic have quality, but they need more, while trying to ditch the high wage earning wasters who have drained the club without contributing.

The blue half could lose Allan McGregor for £8m to Newcastle or Spurs, so they might need another keeper.

Kirk Broadfoot and Sasa Papac will not satisfy the supporters at full back. Can Walter hold on to Carlos Cuellar? David Weir and Christian Dailly are cover at best. Thomas Buffel, Daniel Cousin and Kris Boyd should all be looking elsewhere.

Kris, for whatever reason, is determined to stay and fight and that for me is a mistake on his part. Alan Gow and Chris Burke have to look elsewhere. The Championship could be the place to match their wages.

Brahim Hemdani was useful in Europe last season, but I believe Rangers need someone more dynamic in the middle.

Walter should have a sizeable kitty to spend if he could get his hands on some of the wages freed up from the departure of the aforementioned players.

Over at the green half of the city, Celtic could save more than £70k-a-week on wages by offloading Bobo Balde and Thomas Gravesen to anyone who will take them.

Artur Boruc could net them £10m, so they also might need a new keeper. Gary Caldwell finished the season well, but I am not a fan. The manager is and he'll keep him.

Massimo Donati? Take the money; let him go, it hasn't worked. Someone said to me: "Lee Naylor finished the season strongly. Sorry, I didn't see it. £2m from Harry at Portsmouth, thank you very much.

Chris Killen, Jean Joel Perrier Doumbe and Derek Riordan are not good enough. £1m for Evander Sno? Yes, bank it.

Steven Pressley has left the building and, would you believe it, so has the £1.5m Adam Virgo. Waste of money or what?

That leaves my last suggestion for the chop, 20-goal hero Jan Vennegoor of Hesselink.

Yes! JVoH is not lethal enough for me, but once again Gordon will keep him.

Half of my suggestions will remain here because the money is good and quite a lot of interested clubs will baulk at the asking price from both chief executives for their services.

Now to the exciting part. Who are they going to buy?

I said at the start of the season Celtic needed to look at their back four, so no change there.

I'd love to see an exciting winger emerge to help McGeady. Is that Mizuno?

Two top-drawer strikers, one of them not Georgios Samaras, are needed to put pressure on JVo H and Scott McDonald. I still think a classic No10 wouldn't go amiss, either.

At Rangers, Miller and Velicka seem to be on their way, so that could be 30 additional goals for Walter next season, 24 of course from Velicka and six from Kenny.

Rangers also need a No10 to help Ferguson. They could do with a look at their own back four and a couple of wide players.

This has a similar feel to the Celtic requirements and yes, because of the money they have to spend both clubs might end up chasing the same players.

Over to you Gordon and Walter. Let Jeff do Hearts surgery

I'VE said on countless occasions Jim Jefferies is the ideal man to manage Hearts. It's a choice that would be greeted with joy by many around Gorgie Road and could revitalise the men in maroon.

The Tynecastle team need a strong character who understands the club and is also capable of telling Vladimir to shut up and butt out.

Forget Gudjorn Thordarson and Vladimir Weiss, grumpy Jim is the one guy who can put a smile back at a club that has had its heart ripped out over the last few years.

There wouldn't be 64 players on the books and there would be no more cliques. Jim could slash the wage bill and have a squad of 22 willing to run through a brick wall for him.

Just ask David Weir, Neil McCann, Stevie Fulton, Colin Cameron and Gary Naysmith about Jim. They all have a Scottish Cup winner's medal thanks to the current Killie boss and they're Scottish... something all too rare in a Hearts jersey last season. Don't give us Gretna Mk2 guys

EDINBURGH CITY are the latest club to throw their name into the hat for the vacant position in the Third Division of the SFL.

I hope this time the league learns from the mistakes of Gretna and picks a club capable of a long-term future in the professional leagues.

The ground, structure of the club, business plan and catchment area should all be scrutinised.

I would also hope the SFL look at a permanent opening at the bottom of the Third Division for one of the Junior clubs to make the step up at the expense of the team who finishes last.

A play-off would be exciting and a financial winner. There are seven clubs in the pot for the vote. If I had to put my hat on one to win the majority needed, Spartans look a good bet.