Ryan Giggs has agreed a pay-off from Manchester United after deciding to leave the club.

BBC Sport says Giggs has ended his 29-year stay at Manchester United by agreeing a settlement with the Old Trafford club.

United are expected to release an official statement in the coming days.

Giggs, 42, had a year remaining on his contract as assistant manager but new boss Jose Mourinho intends to fill that role with long-time friend Rui Faria.

Unable to reach agreement over another role at the Premier League club, Giggs, who made a record 963 appearances for United, has decided to move on.

Giggs joined the United academy on his 14th birthday, turning professional aged 17 in November 1990 and making his first-team debut against Everton on 2 March, 1991.

He won a record 13 league titles, two European Cups, four FA Cups and four League Cups to become the most decorated British player of all time.