Solskjaer's instant success in his homeland is further evidence of his growing reputation in the world of management after cutting his teeth with United's Reserves side.
The 1999 Champions League final hero has already been linked with a couple of jobs in the Barclays Premier League and Championship but seems unlikely to up sticks and depart Norway so soon after returning home with his family.
"It's possible Ole coming back to manage [in England] one day," said Sir Alex. "It depends when. I don't think he should rush into that.
"His experience is good experience at Molde, a very good one. He comes from the area and his wife and family are all back home. He's won the championship so there's no need to hurry with that. The time will come. Timing will be important for him but he's capable of coming back to English football."
"He had a good spell with us for the Reserves so he wasn't going into the job blind but it's a fantastic achievement considering it's his first year and we're all pleased with him."
- Sir Alex Ferguson