The former Manchester United midfielder, who retired in 2013, is reportedly in talks with the club following John Sheridan's sacking last month and met with Oldham officials earlier.
Scholes lives in the town and has been spotted at Boundary Park a number of times over the years.
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Former Netherlands global Clarence Seedorf had been linked with the job but is now out of the running.
Oldham parted company with former manager John Sheridan on September 25 following a poor start to the campaign and have since interviewed Clarence Seedorf and Steven Pressley for the vacant role in recent weeks.
In a column for the Independent newspaper at the time, Scholes wrote: "One day I believe that I will manage Oldham, the club that my dad supports and who are very close to my heart".
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Football pundit Taylor Twellman was outraged after the US failed to qualify for the World Cup - watch his reaction here. A decrease in interest would also affect FIFA's top World Cup partners, including Visa Inc. and Coca-Cola Co.
Paul Scholes hosted training session for the club's youth team previous year while working towards his UEFA coaching badges and has never hidden his love for the Latics.
They have moved up to 19th place, winning all three of their matches under interim manager Richie Wellens, but the Latics are actively pursuing a new boss.
Spain gives Catalan leader 8 days to drop independence
Asked about the possibility of organise another referendum in Catalonia, Dastis said that Spain's constitution does not allow it. About 2.3 million Catalans - or 43 percent of the electorate in the northeastern region - voted in the independence referendum.