The former Tottenham star believes Manchester United should steer clear of the veteran striker and instead focus on developing young talent.
The Swede, whose contract with the Ligue 1 champions runs out in summer, has been the subject of fervent speculation in recent weeks, and has been strongly linked with a move to the Premier League.
Reports have suggested that United are keen on a deal for the 34-year-old, who has netted 30 league goals in 26 games so far this season.
But Ginola, who played in the top flight for Newcastle United, Tottenham and Aston Villa, insists a move for the forward would be a step in the wrong direction for the Red Devils, adding that boss Louis van Gaal should instead focus on developing talented youngsters.
“He [Ibrahimovic] is reaching 35 and is probably at the end of his career," the Frenchman told talkSPORT. "I don’t think it should be an option for Louis van Gaal or whoever is in charge next season.
“It is better to build a team around the youth and what they are doing at Man United right now with Rashford, Lingard and Martial, I would rather see that.
“We are looking for teams and massive clubs like Man United to invest very significant amounts of money on the youth and the academy.
"Barcelona for ten years worked really hard to bring talent from the academy right up to the first team and that is exactly what they have done. I see the future going that way rather than spending hundreds of millions on players."
While a free agent this summer, a move for Ibrahimovic is likely to cost big money, with the striker currently earning around £12million a year, making him comfortably the highest-paid footballer in Ligue 1.
According to the Daily Express, United may even be asked to pay more than his current £230,000-a-week deal.
And Ginola hinted that if Ibrahimovic were to make the move to Old Trafford, it is likely to be a decision primarily motivated by money rather than a passion for the club.
“I don't want to see mercenaries in football," he added. "I want to see people who know inside out what the history of the club is all about and when you wear the shirt, you really play for them.”