Reports in recent weeks have suggested that the England international – who made the 23-man World Cup squad – is looking to leave Old Trafford after growing frustrated at a lack of playing time.
But with David Moyes having now been sacked, there are suggestions that the versatile forward may well look to stay put.
Despite this, Arsenal and Spurs are being linked with the 23-year-old, who has been a first-team star at United since 2011 after a loan stint at Sunderland.
But Giggs says that there is no way that the 10-goal man will be sold:
“We won’t be selling him,” he is quoted by the Daily Star.
“Bringing young players through is an important part of the club’s culture and history.
“We wouldn’t like to lose someone like Danny because he has done that, he has been here since eight or nine. So we want to keep him.”
Welbeck has often been criticised for a lack of ruthlessness in front of goal, but is still considered to be a vital member of the club’s senior squad.