However, the Scottish FA's fast-track tribunal has downgraded the offence from violent conduct to a yellow card.
Speaking ahead of Thursday's Europa League qualifier against Maribor, Rangers manager Steven Gerrard expressed his relief after the decision was overturned.
"I have spoken to Morelos and our conversations will always remain private," he said.
"We have just heard that the red card has been rescinded. Thankfully he is available for us at the weekend as he is a big player for us."
(Reporting by Hardik Vyas in Bengaluru; Editing by Christian Radnedge)
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