Arsenal have been linked with Coutinho throughout the summer so far, and have now made contact with the Brazilian.
Coutinho looks set to leave Barcelona this summer after failing to live up to his £130million price tag at the club.
The stumbling block in the deal is said to be in Arsenal's interest in having the player on a loan deal when his parent club would like to offload him permanently.
Philippe Coutinho was loaned to Bayern Munich last season but he did not impress in the German Bundesliga and so the Munich club chose to not permanently sign him hence him having to return to Barcelona but the Catalan club will still want to move him out as he has failed to blend in well in their squad despite having cost them €160million.
The super-agent says that, although Coutinho has not yet given up on his career at Barca, he would welcome the chance to return to the Premier League if he is forced out of Camp Nou at the end of the season.
"Philippe Coutinho will soon return from his loan at Bayern to Barcelona, but I doubt he can revive his career there", Rivaldo told Betfair. "It's still very much open".
Arsenal manager, Mikel Arteta, is a huge admirer of Coutinho.
It's stated twice that Arsenal are the "best placed", and negotiations for the player's transfer continue.
"It's no secret he wants to come back to the Premier League", Joorabchian was quoted as saying by talkSPORT.
Joorabchian, however, conceded that it might take longer to strike a deal with a Premier League team considering Coutinho still has to play in the Champions League for Bayern in August.
The Gunners can secure Europa League football next season if they beat Chelsea in the FA Cup final on Saturday so Coutinho may be waiting to see the outcome of the game at Wembley before making any firm decision over Arsenal's offer.