Cantona's return has been confirmed as part of Scholes' testimonial game on August 5, when the Frenchman will coach the legendary New York Cosmos side, currently bidding to gain admittance to Major League Soccer.
"I wish to congratulate Paul for such an incredible career at Manchester United and I am looking forward to returning to Old Trafford in my new role with the New York Cosmos," said Cantona, who recently celebrated his 45th birthday.
"This is going to be a big night for me and my family but one which I intend to enjoy and I will savour every moment," said Scholes.
"I have spent my whole footballing life at Manchester United, so this will be an emotional farewell.
"This club is special in many ways but the fans are the best and I have always appreciated their support throughout my career.
"I hope they enjoy the night, especially seeing the Boss and Eric battling it out in front of the dug outs."