Rumours of an imminent announcement on the New York Stock Exchange spread on social media on Wednesday, with the suggestion it would state that Moyes was to leave the club following Tuesday night's 2-0 defeat to Olympiacos in the Champions League.
The odds on Moyes being the next Barclays Premier League manager to leave his post shortened dramatically, but it is understood the Scot is still very much in charge at Old Trafford and the club are baffled by the reports that their manager was set to leave his position.
The Red Devils have always made it clear that Moyes will be given time to prove that he is the right man to maintain the success delivered by predecessor Sir Alex Ferguson.
But what was also clear on Tuesday night is that the former Everton manager needs to make major changes to his squad if he is to have a more successful second season.
United were second best throughout the first leg of their last-16 tie in Athens.
United's defence was easily pierced and they offered little in attack as goals from Alejandro Dominguez and Joel Campbell put the Greeks on the brink of qualification to the last eight.
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