Rangers legend Walter Smith is seeking £320,000 from a businessman who invested money on his behalf during the time he was managing Everton.

The former Scotland manager has instructed lawyers to go to Scotland's highest civil court in a bid to recover the cash from Gareth Alexander.

The 69-year-old coach is suing Mr Alexander over sums which were paid into a pension fund in the 1990s.

Mr Smith's legal team will argue their case against Mr Alexander, who lives in Harpenden, Herts, at the Court of Session in Edinburgh later this month.

According to legal papers lodged at the Court of Session, Mr Smith claims both Mr Caisley and Mr Alexander agreed to refund him £600,000 in commission fees they received from selling him "financial products".

Mr Smith, of Helensburgh, Argyll and Bute, claims the two men entered into an agreement with him over the refund in March 2012.

However, he claims to have only received £280,000.

He says the company which Mr Caisley and Mr Alexander was part of went into liquidation and was unable to pay the remaining amount.

Mr Smith's legal team want the court to rule that the two men should pay their client the remaining sum of money.

On Tuesday, a procedural hearing took place at the court before judge Lord Bannatyne. Mr Alexander's legal team wanted the court to make an order for Mr Smith's legal team to hand over documents which they say would help prepare their case.

However, Mr Smith's lawyers asked the court not to grant the order.

Judge Lord Bannatyne said he'd issue his decision on whether Mr Alexander's lawyers should receive the information next week.

The full hearing in the case will be held later this month.