Scholes' appointment has been reported to have delayed due to legal complications that regard his involvement in Salford City Football Club which he co-owns alongside former United teammates Ryan Giggs, Gary & Phil Neville, Nicky Butt, and David Beckham, as well as Singaporean businessman Peter Lim.
Scholes has a 10 per cent stake at Salford City, who now play in the National League, but are fighting for for promotion to League Two.
According to BBC, EFL laws frown at anyone with dual roles with two clubs at the same time without the prior consent of the board.
Paul Scholes, pictured playing for Manchester United Legends, is clear to take the Oldham manager's job despite his stake in National League Salford (Niall Carson/PA Images).
The 44-year-old, a BT pundit, also confirmed last week that he would be prepared to give up his media work if it meant that he could return to football.
Scholes has previously spoken of his desire to enter into management, his only professional experience coming as part of Ryan Giggs' backroom team in 2014.
Saturday's 3-0 win at Crawley on Saturday was their first in the league since New Year's Day, are 14th in League Two - the old English fourth division - and now nine points off the play-offs for promotion.