Ryan Giggs would relish the chance to return to coaching in future but has poured cold water on reports that he will succeed Francesco Guidolin as Swansea City manager.

Speculation is mounting that Guidolin may be about to be replaced by the Swans hierarchy, with Giggs having been installed as the bookmakers’ favourite yesterday to take charge of a side that have lost three of their opening five English Premier League games this season.

However, Giggs, who left his role as Manchester United assistant manager over the summer, ending a 29-year association with the club, says there has been no contact from Swansea.

While he believes he will return to coaching one day, Giggs, who was no.2 to Louis van Gaal for two seasons at United, is satisfied away from the game at present.

The Welshman told reporters yesterday: “I can tell you that there has been no approach from Swansea City but, in any case, there is a manager in place at the club.

“I’m happy with life outside of the game right now and enjoying media work.

“At some stage, further down the line, it’s no secret I’d like to get back into football as a coach – but that’s for later, not now.”