The Sun says he will now answer a call from the boss if it comes in the second half of the season.
But the player was happy to bow out at the end of last season with the club winning a record 19th title.
However, as soon as this season started, he was questioning his own decision and badly missed training and playing.
Scholes is still fit enough to play as he trains with the reserves every day at Carrington as well as coaching them.
While Scholes is reluctant to go to Fergie directly to offer his services, he will now help out if called upon.