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The 63-year-old German has been appointed interim manager until the end of the season after the sacking of Ole Gunnar Solskjaer.
Michael Carrick, who initially took over as caretaker manager after Solskjaer’s dismissal, announced that he would be leaving Old Trafford after United’s 3-2 win over Arsenal on Thursday.
Rangnick is set to take on a consultancy role at United after his spell as interim manager, but the Red Devils will back him in the January window.
According to The Daily Mirror, United will provide Rangnick with £100m to bring new players to Old Trafford.
The Red Devils are also expected to see an exodus of six players, including Jesse Lingard and Paul Pogba.
Edinson Cavani, who has attracted interest from Barcelona, leads the six-man exodus from United.
The 34-year-old Uruguayan striker will see his current United deal expire in June 2022, with Argentine side Boca Juniors wanting to sign him.
Speaking to TNT Sports, Boca Juniors vice president Juan Roman Riquelme said: “In January, Cavani called me saying that he wanted to come because he was playing little there.
“I’ve been speaking with him for a long time and he called me in January to come because he wasn’t playing there. I remember we talked one day and the next day he came in and scored two goals in the last minutes.
“He made a comeback. From then on he started scoring goals in all the games and they renewed with him.”
Both Lingard and Pogba will be out of contract at the end of the season and talks over new deals with United have failed to progress.
Diogo Dalot, Donny van de Beek and Anthony Martial have all been linked with an exit from Old Trafford in a bid to secure more regular first-team football.
Rangnick will lead his first United match in charge on Sunday against Crystal Palace at Old Trafford.
Featured Image Credit: PA
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