Ryan Giggs made favourite to take charge at League One club amid Man Utd leave rumours

Ryan Giggs made favourite to take charge at League One club amid Man Utd leave rumours

Ryan Giggs has been installed as the odds-on favourite to be appointed as the next manager of Bolton Wanderers, as the Welshman looks set to end his 29-year association with Manchester United.

Giggs is expected to confirm that he will leave United after the appointment of Jose Mourinho as the club's new manager, with the 13-time Premier League title winner reportedly still waiting to be informed of his revised role at the club.

Giggs has served as assistant manager to Louis van Gaal in the last couple of seasons, making no secret of his desire to succeed the Dutchman as United boss but that dream ended when he was overlooked for the top job.

Suggestions that Giggs will be offered a role to oversee the transition of United's under-21 players to the first team have been dismissed, with the 42-year-old being encouraged by several former team-mates to leave Old Trafford and forge his own career away at a new club.

Mourinho is believed to be keen to keep Giggs involved at United if possible but he seemed unlikely to accept a diluted role and may decide to test his managerial skills in League One.

There was a huge Twitter reaction to the news that the Welshman may soon end his United career.

With Southampton manager Ronald Koeman being tipped to take over at Everton, Giggs has been linked with a possible move to take over at St Mary's Stadium, yet it may be a gamble for him to take on such a high profile position in his first managerial role.

The Bolton job has been vacant since Neil Lennon left the club in March, with their relegation to the third tier of English football confirmed the following month.

The club has been in financial meltdown in recent years but a takeover by The Sports Shield consortium in March appears to have provided some stability to a club that used to be regulars in the Premier League.

Giggs' arrival at Bolton would raise their profile in an instant, with Sky Bet installing the United legend at 1/4 to take over at Bolton, while BetVictor are odds of 1/3 to takeover at the Lancashire club that would be close to Giggs' current home in the north west of England.

It remains to be seen whether one of the icons of the Premier League era will be prepared to test himself at venues like Bury, Scunthorpe and Fleetwood next season but if Rafael Benitez is happy to work in the Championship with Newcastle, maybe Giggs will fancy a challenge at Bolton.