The former Manchester United manager was well known in the English game for the relationships he enjoyed with fellow Premier League bosses, and he has singled out Dyche for praise when speaking about the current crop of young coaches.
"I had a chat with Sean Dyche – he phoned me not so long ago. I think he is one of the promising managers in the game," Ferguson told MUTV. "The job he has done at Burnley has been fantastic.
"I like to see young people do well."
Dyche's side, who currently sit 19th in the table, host West Ham United on Saturday afternoon.