Giggs has been at United for 29 years and served as interim player-manager when David Moyes was sacked in 2014 and as an assistant coach under Louis van Gaal.
Former Chelsea boss Jose Mourinho, who was announced as Van Gaal's replacement last week, is bringing his own management team to Old Trafford with his long-time assistant Rui Faria set to take up the role that Giggs has filled.
The Welshman is currently on holiday in Dubai and is scheduled to return to England at the weekend.
Image: Ryan Giggs
Photograph: Reuters
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