Portsmouth and Rangers administrators are involved in discussions with a view to arranging a friendly between the two financially-stricken clubs.
Pompey's administrator Trevor Birch contacted the Scottish club last week and now both sides are looking into costs and logistics to see if the exhibition match could be arranged.
Rangers have already arranged a friendly against an AC Milan Legends XI for 30 March, which was originally set to benefit charitable foundations but funds will now go towards preventing them from folding.
Both clubs went into administration within a couple of days of one another in mid-February, with Portsmouth warned that they may not be able to see out the season.
The 2008 FA Cup winners have 13 games remaining and their Premier League parachute payments will go straight to former owner Sacha Gaydamak, rather than the club.
With liquidation a feasible fate for them and Rangers, there is an eagerness to raise funds by any means necessary. Portsmouth players have sold tickets at Fratton Park as a show of morale-boosting solidarity.
Up to 11 players at Ibrox, meanwhile, could be made redundant, while the administrators north of the border are pursuing club owner Craig Whyte for up to £9m which was contractually promised at the time of his takeover in May 2011.
The clubs met in a friendly in 2009, in which Portsmouth prevailed as 2-0 winners.