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Moyes was anointed as Ferguson's successor on 9 May last year but will not even see out the season, with Ryan Giggs expected to be placed in caretaker charge of United's final four matches.
The club have refused to deny reports Moyes will be sacked.
The Scot presided over an 11th Barclays Premier League defeat at Everton on Sunday, ensuring United will not play in the Champions League for the first time in 18 years.
And the embarrassing manner in which his former club have usurped United - who are seventh in the table - appears to be the final death knell for a beleaguered manager whose support amongst United supporters has plummeted over the last two months.
United's Glazer family owners and executive vice chairman Ed Woodward were keen to be patient with Moyes despite a trophyless and apocalyptic first season, but ultimately they cannot justify handing Moyes a £200 million transfer kitty to oversee the club's rebuilding job.
Borussia Dortmund coach Jürgen Klopp, Atlético Madrid's Diego Simeone, Real Madrid boss Carlo Ancelotti and Holland's national team manager Louis van Gaal are just four possible contenders to succeed Moyes.
The former Everton manager's sacking is particularly embarrassing for both Ferguson and United legend Sir Bobby Charlton, who both heartily endorsed his credentials as a potential United manager. Ferguson is apparently on holiday in New York this Easter.