(Reuters) - Ryan Giggs has rejected an offer to stay at Manchester United and is ready to end his association with the club after 29 years, a British newspaper reported on Thursday.
Giggs, who played 963 times for United after joining the club as a 14-year-old, worked as an assistant manager under David Moyes and Louis van Gaal.
But the Daily Mail said he has decided against taking up an offer of a reduced role from new manager Jose Mourinho.
"Giggs' representatives are now in negotiations with United over a pay-off for the final year of his contract," the Mail said.
It was reported that Giggs has not spoken directly to Mourinho, who starts work at United on Monday.
Giggs is likely to be questioned about his future on British television on Thursday when he starts work as an ITV pundit.
The Welshman had been tipped as a future United manager but is now expected to seek a role with another club.
Meanwhile, he also believes that former United manager Louis van Gaal could be brought in by the Football Association to work alongside the next England manager.
"England have a vision, of appointing within, and they need to stick with that," Giggs told ITV.
"Who's the next in line? Maybe you bring in someone who can help him a long for the next couple of years. Bring someone along who's had tournament experience, got experience of the Premier League. There's many names -(Glenn) Hoddle, (Terry)Venables has done it, Sir Alex Ferguson, Louis van Gaal. Think outside the box."