Manchester United announced the appointment of Quinton Fortune as one of its new under-23 coaches.
Wood will be named as head coach with the former Bafana Bafana ace Fortune to be his assistant.
Since Ricky Sbragia departed the club in May, the Red Devils have been on the lookout for a suitable replacement.
Quinton clocked in 126 appearances during his six years as a player between 1999 and 2005.
He went onto win the Intercontinental Cup (1992), Premier League (2002/03) and the FA Community Shield (2003).
The 42-year-old previously served as assistant manager of Cardiff City’s Under-21 side during current United manager Ole Gunnar Solskjaer’s reign at the Welsh outfit.
Quinton has also spent time with Bafana Bafana as Stuart Baxter’s European-based assistant coach.
The South African is a frequent football pundit on MUTV (Manchester United TV).