Will Manchester United legend be in charge of Oldham at Crawley Town on Saturday?
The Sky Bet League Two side are keen to appoint Scholes as the successor to Frankie Bunn, who was sacked in December.
The deal is complicated by Scholes' involvement at National League side Salford City, where he is a part-owner along with former United team-mates Gary Neville, Phil Neville, Ryan Giggs, Nicky Butt, David Beckham and Singapore billionaire Peter Lim.
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Hide AdSEE ALSO Manchester United and Cardiff City players have the skills we want to develop says Crawley Town boss | Crawley Town's new signing from Manchester United will be the perfect fit says head coach - League 2 latest news | Former Arsenal midfielder Mark Randall leaves Crawley TownThe EFL will discuss the matter at a meeting on Thursday, but their rules state that a person cannot have an interest in two clubs at the same time.
Salford are pushing for promotion to the Football League for the first time in their history and currently sit second in the National League, three points behind Leyton Orient.
Rule 104 states: "Except with the prior written consent of the board a person, or any associate of that person, who is interested in a club cannot at the same time be interested in any other football club."