The Glazier family's owners have reportedly discussed and agreed to sack Ole Gunar, with former club player Michael Carrick appointed to replace the Red Devils from Tuesday's Champions League away match against Villarreal in Spain.
Ole assistant Michael Carrick will remain despite being at the helm with Ole registering poor results with United winning just four of their last 13 and winning two of their last eight championships.
Man u have lost three consecutive Premier League games, losing 5-0 to Liverpool, before being beaten 2-0 by Manchester City and then beaten by Watford 1-4.
The Red Devils must find at least a draw in Tuesday's Champions League to qualify for the round of 16.
Solskjaer succeeded Jose Mourinho to coach Man United temporarily in December 2018, before being offered a three-year contract in March 2019 and extending the contract in July this year to 2024.
For the former United player and the 48-year-old Norwegian born he has led Man U in 168 matches, winning 91, from 37 draws and 40 defeats.
Former Real Madrid manager Zinedine Zidane has been linked with a move to the Red Devils, although Leicester City teammate Brendan Rodgers has been linked with a move to Manchester United.
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