Manchester United boss Louis van Gaal has said that Darren Fletcher's proposed move to West Ham is off.
Hull boss Steve Bruce says his side's 3-0 defeat to Newcastle may have jeopardised his chances of strengthening his squad.
Scholes celebrated his 38th birthday on Friday, in the middle of what Ferguson had previously indicated would be the midfielder's final season at Old Trafford.
However, although he had made only nine appearances this term, Scholes retains an unerring passing ability that is priceless to United's chances of landing some silverware.
And as it seems the former England man is more comfortable with his role as bit-part player, the chances of Scholes carrying on has not been completely dismissed.
"It is not a time to make a judgment on that," said Ferguson. "Paul will know himself.
"He still has the desire to play. That has not stopped.
"He is still the best passer of the ball in the country. It is amazing.
"He has had one or two injuries over the years, quit last summer and came back.
"He made a fantastic contribution in the second half of the season and I just think he should keep doing what he is doing.
"He will sort the rest out himself."