Ryan Giggs has ended his 29-year stay at Manchester United by agreeing a settlement with the Old Trafford club, the BBC reports.
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 boss Jose Mourinho intends to fill that role 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.
Cardiff-born Giggs has passed all his coaching badges and has never made any secret of his desire to move into management.
Giggs was also 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.
