After a slow start, the young winger has impressed over recent months and been a standout performer for the Ibrox side, including in the recent derby draw with Celtic.
Moore has five goals and three assists and is a constant thorn in the side of opposing defenders with his intensity and direct play in wide areas, or sometimes in the No.10 position.
Former Spurs player and boss Sherwood reckons the 18-year-old could be helping the Premier League strugglers right now. They currently sit 16th in the table and face a potential relegation crisis amid an injury crisis.
He told Footy Accumulators ' No Tippy Tappy Football podcast, in partnership with BOYLE Sports, said: “They loaned him out because there’s no pathway for him. I think it’s a great pathway there (at Rangers) for him to gain some experience.
"No one (at Tottenham) fancied him at the moment, and they would probably argue and say, ‘We’ll let him gain experience’. I would argue that he’s better than what you’ve got, so bring him back and let him play games.
"Not only would he be better than some of the players that they’ve signed and are in the squad, but you’re also having a shocking injury crisis."
Moore isn't the only one he is irked about, as he added: “Not only Mikey Moore, Luka Vuskovic should’ve been brought back from Hamburg in my opinion - he’s played pretty much every game and scored four goals, he’s a big centre-back. Phillips, the boy they signed from Blackburn, who’s on loan and plays every week at Stoke, he should’ve been brought back - and not just for no unnecessary reason, but to play.
“Some might say, ‘But you’re in a relegation battle’ - yes, they are, and that’s with the group they’ve got playing at the moment. Give these guys an opportunity. Not only Mikey, and I’m not saying they’re going to be the answer, but they might be.”