Former player and assistant manager Ryan Giggs has left Manchester United after 29 years at the club.
The BBC reported on Friday that Giggs agreed a settlement with United to part ways.
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 manager Jose Mourinho intends to replace the Welshman 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 has passed all his coaching badges and has not hidden his intention to manage a club.
Giggs was reportedly disappointed to be overlooked in favour of former Chelsea and Real Madrid boss Mourinho, whose appointment was confirmed in May.
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.
He became a player-coach following the arrival of Moyes as manager in 2013, taking control of the first team for the final four games of the season after the Scot’s dismissal.