The Red Devils are set to undertake Ratcliffe's ambitious three-year plan to get back to the top of the sport.
While the British billionaire has publicly backed manager Erik ten Hag, he is said to want a replacement.
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According to Foot Mercato, INEOS hope they can convince Zinedine Zidane to take the role.
However, the former Real Madrid manager has been very selective about where he works.
Zidane previously suggested that Juventus, Marseille, Real Madrid, and France were the teams he wanted to coach, having played for them (and already coached Real).