The 46-year-old faces two charges relating to the 2011 purchase, one of fraud and another under the Companies Act.
He has pleaded not guilty to both allegations.
A scheduled start date for the trial at the High Court in Glasgow was pushed back on Tuesday, with preparations taking place at the court.
Mr Whyte was not in attendance.
His defence team, including Donald Findlay QC, and the prosecution lead, Advocate Depute Alex Prentice QC, were in Glasgow ahead of the trial before judge Lady Stacey.
Former Rangers owner Craig Whyte is expected to go on trial later this week over his acquisition of the club.