The Serbian would be working under the Pozzo family once again.
The former Chelsea player could not however agree a suitable contract with the Pozzo family, who own the club, and he left - with Quique Sanchez Flores taking his place.
That, you might think, would put a permanent rod between relations, but according to Mundo Deportivo that is not the case.
Granada, who survived relegation from La Liga last season, did so under Jose Ramon Sandoval. He only took the job in May on a deal until the end of the season and now the future of the head coach role at Granada is up in the air.
Interestingly Mundo Deportivo name Andrea Stramaccioni, recently relieved of duties at another Pozzo-owned club Udinese, as the other option alongside Jokanovic.
Whilst MD may be reporting this, it would certainly seem an odd decision to employ either manager considering their history with the respective owners.
However time will tell if Jokanovic remains in the Pozzo family next season.