However, the Leith outfit are already making up ground on the Light Blues and will hope that positive result at Ibrox will help their own bid for promotion to the Premiership.
Gers fans may have hoped to have gained promotion from the Scottish Championship at the first time of asking, but last year's playoff exit seems to be firmly in the past.
Stuart McCall's brief reign at Ibrox was brought to an end after the 6-1 aggregate defeat against Motherwell, which denied the Govan outfit the chance to play in the top flight after a three-year exile.
They opened their 2015-16 campaign with a 6-2 victory away to one of their likely promotion rivals in Hibs in the Challenge Cup, before comfortably winning a League Cup tie against Peterhead.
Rangers' Championship season began with a comfortable win against St Mirren, who will also harbour hopes of regaining their Premiership status at the first time of asking, before thrashing Alloa Athletic last weekend.
As has Andy Halliday, who followed up his FA Cup heroics from last season by finding his goal-scoring touch at Ibrox after joining from Bradford City in the summer.
Recent form: DWLLWW
Recent form (all competitions): LWWWWW
Like Rangers, Hibs have seen their playing squad change over the summer, but have struggled to produce winning form since the start of the season.
His second season began with that 6-2 home defeat to the Light Blues in the Challenge Cup before they beat Montrose at Easter Road, but their first Championship game, on the banks of the River Clyde, saw them beaten by Dumbarton.
They do at least go into the game at Ibrox on the back of a win over Greenock Morton and the Hibees will hope to resurrect the form they took into that fateful playoff campaign, winning their remaining five Championship games to finish second.
Hibs must travel to Ibrox without Scott Allan who left Easter Road to join Celtic, but the Leith outfit will look to rediscover their winning touch in Govan, having won twice away to the Blues last term.
However, the club have since completed the signing of ex-Celtic and Rangers midfielder Dylan McGeouch, who could make his debut at Ibrox.
Recent form: WWLWLW
Recent form (all competitions): LWLWLW
Rangers could ring the changes for the visit of Hibs after resting Waghorn, Halliday, Rob Kiernan, Nicky Law, and veteran forward Kenny Miller for the trip to Ayr United in midweek.
Ball and Oduwa, both of whom made their first starts at Ayr, may be among the players to make way.
Ex-Blues midfielder McGeouch could make his first start for Hibernian since re-signing for the Edinburgh club on Friday.
If the former Scotland Under-21 international does start, it may be that Marvin Bartley is the man to make way in midfield.
Rangers possible starting lineup:
Foderingham; Tavernier, Wilson, Kiernan, Wallace; Halliday, Law, Holt, McKay; Miller, Waghorn
Hibernian possible starting lineup:
Oxley, Gray, Hanlon, Fontaine, Stevenson, McGeouch, Fyvie, McGinn, Boyle, Malonga, Carmichael
Head To Head
It is perhaps not surprising given Rangers' history of competing for top honours that the Blues have won almost 58% of the 344 meetings between the teams.
Indeed, Warburton's side can register the Glasgow giants' 200th all-time victory over Hibs with a win at Ibrox.
Beyond their most recent meeting in the League Cup, Hibernian have had a good recent record against the Gers, winning three of the four Championship meetings last season, including a 4-0 victory at Easter Road in December.
They also won the second leg of the promotion playoff in May, although the Leith outfit ultimately lost 2-1 on aggregate.
We say: Rangers 2-0 Hibernian
With Hibernian's form proving to be indifferent of late and Rangers making a confident start on all fronts, it is difficult to see past a comfortable victory for the hosts. However, with Hibs' recent record at Ibrox, the visitors will hope that they can at least compete with the Glasgow giants.
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