Sky Sports understands Manchester United are set to reward youngster Larnell Cole with a new deal at Old Trafford.
Attacking midfielder Cole is highly-rated at Old Trafford and the club are keen to secure his long-term future.
Cole has progressed from the club's youth ranks and helped United win the FA Youth Cup in 2011.
The 19-year-old made his senior debut for United in the Carling Cup win over Leeds last season coming as a late substitute.
Cole is tipped to push for a place in the United side over the next 18 months and Ferguson could decide to send him out on loan this season so that he can get some valuable first-team action under his belt.