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Ferguson retired from coaching in 2013 but has been working with the team ever since.
The Scot alongside four others has been given a free role to have their influence on the team as they prepare for next season’s campaign.
They will be effective in offering advice to the management and coaching staff of the club.
The Red Devils’ chief-executive Richard Arnold has put together a think-tank of significant Manchester United figures and has brought Ferguson into the fold.
According to Daily Mail, the 80-year-old Ferguson will be joined in the club’s think-tank by iconic captain Bryan Robson, former CEO David Gill, and the current football director John Murtough.
The five-man group held its first meeting on Tuesday at the club’s training ground.
Ferguson and Gill have held the non-executive director position of the club since 2013 but their new roles are believed to be more influential than that.
This new think-tank is not thought to have a direct impact or influence on manager Erik ten Hag.
They will be dealing with issues like the redevelopment of Old Trafford and Carrington and also the club’s relationship with the fanbase.
Sir Alexander Chapman Ferguson CBE is a Scottish former football manager and player, best known for managing Manchester United from 1986 to 2013. He is widely regarded as one of the greatest football managers of all time and has won more trophies than any other manager in the history of football