Reports emerged shortly after David Moyes was sacked on Tuesday that the club wanted Scholes to return to the coaching setup.
Giggs will carry out first-team duties until the end of the season, working alongside Nicky Butt and Phil Neville.
While Scholes's long-term role is unclear, United announced his return on Twitter by saying: "It's great to see Paul Scholes here at the Aon Training Complex today, assisting Ryan Giggs, Nicky Butt and Phil Neville."
United, who lost 15 games during Moyes's 10-month stint in charge, have four games left to play in their season.
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