The 55-year-old was dismissed on December 18 after two and a half seasons in charge.
The fact that he received the pay-off on his departure from Old Trafford means he is free to return to management according to a report on the English tabloid, Daily Mail.
Mourinho has been linked with a move back to Real Madrid, who have struggled this season under Santiago Solari.
“There are no issues over Jose’s contract with Manchester United. Everything has been sorted.”
“Jose is able to take on another job right now, but is in no rush. He is very relaxed about it and would be happy to wait until the end of the season if he needs to.”
Mourinho has been linked with a move back to Real Madrid, who have struggled this season but there has been no contact the source further revealed.
“There has been no contact, but they did get in touch with Jose after Lopetegui was dismissed, but he told them he was the manager of Manchester United and totally committed to the club.”
Mourinho has also been spoken of as a possible successor to the axed Rui Vitoria at Benfica.
Club president Luis Filipe Vieira has gone on record to say money will not get in the way if Mourinho wants to return to management in his homeland. But it is understood that Mourinho has no imminent plans to return to Portugal.
“While Mourinho considers his future he has lined up some work as an analyst for beIN Sports in Qatar for the Asian Cup this month.”