Joorabchian insists the ex-PSG star does not want to leave Arsenal, and will be having talks with the north London club before the 2019-20 campaign resumes.
Arsenal had an option to extend David Luiz's deal for a second year but both parties weren't able to reach an agreement due to the COVID-19 lockdown, according to the defender's agent Kia Joorabchian
Luiz is keen to continue plying his trade at the Emirates despite being out of contract, and the Brazilian's representative says the 33-year-old has a "very high chance" of putting pen to paper on a new deal.
"He's very happy at Arsenal," Joorabchian told Sky Sports. "He has an extremely good relationship with both the coach and the sporting director. He has good relationships all throughout the club, right up to the owner. He respects everybody.
"Arsenal had an option, which expired. We also had a pandemic [coronavirus]. So the option expired in the middle of the pandemic. We are all very aware of that situation and we are all trying, very slowly, to get back to this 'new normal'.
"These contract situations, these renewals, if he stays or if he goes... will all sort themselves out when we get back to some kind of 'new normal'.
"David will sit down with Arsenal before the season begins, have his conversations and they will both decide if he will stay or not. That will come before the season starts. The chances are very high [of Luiz being at Arsenal next season]. There is no desire to leave."
On reports linking the former Chelsea centre-back with a move to Portuguese side Benfica, Joorabchian clarified by saying: "What he said was, 'if the opportunity arose in the future - before I retire - I could go back to Benfica and finish my career where I started it'. But he never mentioned about wanting to go back to Benfica now."