The former Red Devils boss played a part in hiring Ole Gunnar Solskjaer and the return of his former assistant Mike Phelan after Jose Mourinho was sacked last week.
And according to The Sun, ex-United player Solskjaer will plan regular contact with Ferguson which is something his predecessor chose not to do.
It is also understood former United goalkeeper Peter Schmeichel wants to join the club as the director of football.
United’s executive vice-chairman Ed Woodward, who is determined to get things right after three managerial failures on his watch, turned to the legendary manager as he prepared to sack Mourinho following their 3-1 loss at Liverpool.
Ferguson, 77, who underwent surgery in May after suffering a brain haemorrhage, will not be employed in a full-time capacity however.
Along with Sir Bobby Charlton and David Gill who make up United’s football board, Ferguson had rarely, if ever, been asked for advice or assistance by Woodward.
And it is understood Woodward did not consult him over the appointment of Mourinho in May 2016.
However, one source added: “Once Woodward had talked to the Glazers and told them he wanted Jose out, he needed to be certain he could get the right kind of figure in for the short term at least.
“That’s where Fergie came in and he helped make sure the whole thing happened with Solskjaer and Phelan.”
RB Leipzig’s chief Paul Mitchell, who used to be Tottenham’s head of recruitment, is also in the running as the club plan a restructure.
On the possibility of an Old Trafford return, Schmeichel said: “I’m thinking about putting my name in there. Like every other footballer, I want to be involved again.
“I have this energy, I have education but I’ve not seen anything that’s really interesting to make the big change and then I see this big idea about director of football at Man United.
“I’m considering if I have the qualities and will think about it over Christmas. If I do think yes, then I will throw my hat into the ring.
“Ole knows exactly what the club is. He’s a product of Sir Alex and that’s something he can inject in the coming months.
“What’s really important is to get the Manchester United culture back, the Manchester United identity back.”