Scholes, who owns a stake in non-league Salford, will step down from his role as director of the National League club, who could be in competition with Oldham next season if they win promotion from the fifth tier.
Sky Sports further reports that the only restriction to the 44-year-old is he will not be allowed to sign players from, or sell to, Salford City.
Having criticised Jose Mourinho's Manchester United reign as a pundit, new Oldham boss Paul Scholes admits he is "wide open" to scrutiny.
"That is part of the thing that bugged me a little bit". If pundits - I don't think we will get many pundits watching - if we are losing games I am sure people will be popping up.
"I wanted to come into this with my full coaching badges and I've got them now".
"I have never really understood why players and managers take notice of what pundits say anyway". They are giving an opinion and get paid for doing so.
Scholes has plenty of former colleagues and friends for support and advice and while he may tap into contacts at Manchester United (friend Nicky Butt is head of the academy there) he is keen to find his own way in management.
"I want my team to be aggressive and focused on winning first and foremost", he said.
"There's obviously been three or four times over the last six years where [managing Oldham] could have happened and I've not been quite ready, " Scholes said.
Scholes will be in the dugout for his first game in charge tomorrow night (Tuesday 12th February 2019) at home to Yeovil Town.