The former Real Salt Lake striker looks set to leave Russian giants Spartak Moscow this summer.
Movsisyan, 27, has scored 24 goals in 55 total appearances since joining Spartak from Russian Premier League rivals FC Krasnodar in December 2012, but has struggled to break back into the line-up after missing the first 10 games of this season following a knee operation.
Prior to being sidelined, the Armenia international was linked with a £7 million switch to the Premier League, with both Leicester City and West Bromwich Albion reported to pursuing his signature [h/t Daily Mail].
A transfer failed to materialise at the time but the 27-times capped forward could now be on the move this summer, with McCabe revealing that his Spartak future is hanging in the balance.
However, despite potential Premier League options, Movsisyan would be most interested in a return to the States, where he moved to at the age of 12 before settling in the Los Angeles area.
The Armenian-American later spent the first four seasons of his career in MLS before leaving Real Salt Lake for Danish club Randers FC upon winning the 2009 MLS Cup title, and McCabe is optimistic about his chances of a second spell.
"He's very interested in a return to the MLS," said McCabe. "It would be a number of options I think he would have, but he's definitely open-minded at this point. If that's Salt Lake, OK, or another MLS team, he would certainly be open-minded to pursuing. We'll have to see what shakes out here within the next few weeks between his club and himself and the other teams that are interested."
Continuing on why Movsisyan would want to head back to MLS in the prime of his career, McCabe added: “For anybody that knows Yura, there's nothing more important than family. For him I think it's been difficult to be in Europe for as long as he has for. He and his wife Marianna have two young kids and they'd like to obviously raise them closer to Yura's family and her family in California. That's a major consideration I think at this point.
"Yura is driven by family. It's why he went to Europe to try to provide for them and he's done a good job of that. Europe is obviously a totally different competitive landscape when you're dealing with clubs, especially when you're dealing with Russian clubs."
Having had a huge amount of success at each of his European stops, it would be disappointing not to see Movsisyan give the Premier League a shot but, for MLS, getting the former Kansas City Wizards man back would prove a huge coup.