The 40-year-old Welshman is set to see out the current campaign in the dugout after stepping in for the departed David Moyes, but his role as head coach is likely to come to an end over the summer.
Van Gaal is widely expected to be announced as the club’s new full manager in the coming weeks, with various sources claiming that a deal is all but finalised for the Holland gaffer.
Many have suggested that Giggs will be moved into a coaching role under the former Bayern Munich, Barcelona and Ajax chief to learn the ropes, but he is thought to be ready to tell the 62-year-old that he feels capable of playing for at least one more campaign.
The former flying winger is understood to believe that he is physically capable of prolonging his glittering career, and with a number of senior players set to leave Old Trafford in the coming months keeping an established name may appeal to van Gaal.
United’s all-time highest appearance maker’s future is dependant on the Oranje boss’ decision, yet senior members of the club’s hierarchy may urge the incoming manager to keep Giggs firmly in the set-up.