The 54-year-old wants to stay and has held positive talks with United about their inquest into the season. He had been left in limbo for two-and-a-half weeks after winning the FA Cup as United considered whether to sack him but they believed it was important for a new ownership to conduct as thorough an assessment as possible.
They had looked into appointing other managers, with Ratcliffe holding talks with the former Chelsea, Bayern Munich and Paris Saint-Germain head coach Thomas Tuchel last week, while England manager Gareth Southgate has admirers in the Ineos hierarchy. Kieran McKenna, who decided to stay at Ipswich, was also of interest to United.
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