Rangers still have the opportunity to end the season with two pieces of silverware under their belts despite Giovanni van Bronckhorst's men proving unable to regain the SPFL title.
After their final league game of the season at the weekend, the Ibrox club will then take on Eintracht Frankfurt in the final of the Europa League.
Then, the Gers will face off against Hearts in the final of the Scottish Cup after they beat their Old Firm rivals Celtic in the semi-final.
Despite this victory over their Glasgow enemies, the Hoops have recently been crowned league champions, bringing Rangers' reign as top dogs to an end.
Another example of Celtic getting one over on the Ibrox club came back in 2011 when they secured the signing of Kris Commons.
Before he joined the Parkhead club from Derby County in January 2011, the midfielder was reportedly being eyed up by Rangers.
Speaking about the player and the club’s interest in him at that time, the late Walter Smith said: "He’s someone we would be interested in trying to get. We have made an enquiry and we are in talks with Derby to see what the situation is with him."
After he joined Celtic, the Scotsman went on to become an impressive player for the Hoops, much to the detriment of Rangers, who will have had nightmares over their inability to sign him.
With 227 appearances under his belt for the Bhoys, Commons scored 89 times and provided 72 assists across all competitions.
This highlights just how much of a good signing he was for them and what a solid signing he could have been for the Gers.
Labelled as a "wonderful" player by former Celtic manager Neil Lennon, Commons retired back in 2018 with a combined total of 279 goals and assists to his name across the five clubs he played for.
With the benefit of hindsight, it's safe to say that the Ibrox outfit should have done more, in addition to making their enquiry to Derby, to make sure they secured his signature.
Either way, despite this unfortunate situation, the club will undoubtedly only be focused on the present and making sure they get their hands on both trophies that are on offer to them this month to try and take the sting out of Celtic's title win.