The Manchester Evening News says Giggs will not be considered as a permanent replacement for David Moyes - even if United win all of their remaining matches this season.
The caretaker boss restored the feelgood factor to Old Trafford yesterday, overseeing an entertaining 4-0 thumping of Norwich City.
United have denied reports of an agreement with Holland coach Louis van Gaal.
It is understood they are still 'considering a number of potential targets' and will not be rushed into a decision.
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