Larsson spent seven years at Parkhead, eventually leaving for Barcelona in 2004 - and Riseth anticipates a similar situation with Johansen.
Indeed, the Norwegian is Celtic's Player of the Year and Riseth believes he is good enough for a move to the (Barclays) Premier League.
But the 24-year-old will shun any interest, he believes, because he loves Glasgow, a location very similar to Scandinavian towns and cities.
Riseth explained: "I think he will stay at Celtic because he is really happy. He loves the club and the fans.
"I know Scandinavian people find it easy to settle in Glasgow. I was there, so was Henrik Larsson, Johan Mjallby, Marc Reiper and Harald Brattbakk.
"We all enjoyed playing for Celtic. It was a lot like Norway. We know we had to work hard but the people are really nice, so because of that I think Stefan will stay in Glasgow for many years."
The Hoops recently claimed their fourth Scottish Premiership title in a row and their success is another factor that will likely fill Johansen with the drive for more.
The Norwegian will surely want another crack at the domestic treble with Celtic, while he can also taste Champions League football should the Bhoys qualify for the tournament proper.
Still, Premier League interest - along with the need for Celtic to be sensible and raise transfer funds through sales where they can - has proven too strong a lure for the likes of Victor Wanyama, Fraser Forster and more down the years.