McCoist has led Rangers to the Scottish Third Division title with five games to spare after the club's demotion to the country's bottom tier last summer following financial problems. Green, who re-formed the Glasgow side in 2012, made the statement about McCoist’s title-winning team during a recent radio interview, but his comments have been shrugged off by the Rangers manager.
"In my opinion, it's not the worst Rangers team," McCoist told STV. "Charles is relatively new to Rangers. He knows the job he's got to do, and we've all got to do, and we're looking forward to doing it.
"It's also the best Rangers team Charles has ever seen, to be honest.
"I'm not sure how many titles Charles has won in his career, but I've been very fortunate to win 14 at our football club, including as assistant manager. That title we were all involved in just there is the hardest one.
"I know what it takes to win a title. It doesn't matter what division you are in, it takes a special group of people and talent and hard work to win titles.
"We've got a group of boys who were assembled in the space of six or seven days and have managed to win a title and they are 24 points clear.
"I would think everybody could maybe take a wee step back and offer some congratulations to those boys. I'm certainly doing that right now."
McCoist revealed that he had a "constructive" hour-long meeting with Green, and insisted that the pair were in agreement over the future and direction of the club.
"I've had a meeting with Charles that lasted for well over an hour," McCoist said. "It was absolutely fine, it was absolutely constructive. We are in the same boat - we both want the club to move forward.
"That's the priority for me and that has never changed. The club must move forward and we are both of the opinion that that's going to be the case."