Ryan Giggs will leave Manchester United after agreeing a settlement with the club.
The Welshman spent 29 years at the club as a player, coach and assistant manager and is the most decorated British player in history.
The BBC say that an announcement will be made within the next couple of days.
Giggs decided to leave Old Trafford after being told he would not become assistant boss to new manager Jose Mourinho.
He was disappointed the club seemed to go back on a gentleman’s agreement which would see him succeed previous boss Louis van Gaal.
That left the fans’ icon to consider whether he would ever be promoted to the top job at the club – especially because Mourinho’s idea was to step him away from the first team and into a role as a bridge between the under 21s and senior squad.
There was never any formal offer of a job from the board, just discussions with Mourinho, and in the end Giggs decided he now needs to prove himself as a manager to show the Old Trafford board he can cope with the unique demands of the job.
During his time at the club Giggs won 13 league titles, two European Cups, four FA Cups and four League Cups.