Steven Davis says it has been agonising coming to the decision to leave Ibrox after lodging an objection to his proposed transfer to the Rangers newco.
John Fleck could join Davis and seven others who want to become free agents but Romanian Dorin Goian is expected to accept the move to the relaunched club.
Another player not making the move, goalkeeper Allan McGregor, is a target for English Premier League side Fulham.
And two others, Steven Naismith and Steven Whittaker, could be joining Blackburn Rovers.
The Scottish FA have set a deadline of Friday for Charles Green to lodge the relevant paperwork for having Rangers' existing membership transferred to the newco.
Celtic may yet sign former target Leicester's Matt Mills after the defender's proposed loan move to Bolton stalled.
Dunfermline manager Jim Jefferies is confident free agent Kevin Kyle will join the Pars for pre-season. (Various)