The Telegraph says there would be a statement about his position in due course and that the squad had been told to expect an announcement.
Some of the United squad were at a golf day at Dunham Massey on Tuesday where players and the coaching staff played one another, and were told to prepare to receive news regarding the future of their manager.
United's press department could not be reached to confirm or deny the story.
Ferguson, 71, helped United win a 20th league title and the 13th of his 27-year reign last week.
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