However, Ferguson is apparently keen talks are opened on a new deal for his veteran midfielder, who has featured in 25 of United's 40 matches this season, chipping in with five goals in the process.
"I would be happy to do something about Scholes' contract but there is nothing yet," said the Scot.
"It depends on what Paul thinks himself and I haven't addressed it with him.
"But he was brilliant in Milan and his form in the last few weeks has been incredible.
"There is no need for him to think of retirement like some people were saying a few weeks ago."
Scholes, who began his illustrious Old Trafford career as a trainee, has made over 600 appearances for the Red Devils, amassing nine Premier League winners' medals and helping United claim the Champions League in 1999 and 2008.
He earned 65 England caps before retiring from the international game in 2004 to focus on his United career and his family.
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