Ferguson believes Scholes still has the quality for another season at the top and the player is under no illusions about the impact the successful Scot has had on his long career.
"He has been great," Scholes told the Daily Mail. "It goes without saying what a top manager he has been. The amount of players he has brought through the youth team is great and it gives hope to all the kids in the youth team that if they are good enough he will definitely use them.
"It has just been fantastic working with him and I think there is a good few years left in him yet."