The former Villa captain admitted earlier this week he would like to return to the club as a player after four years out of the game.
The Bulgarian revealed earlier this week that he would be keen to make a return to football after four years out of football following his battle with leukaemia after being diagnosed with the illness in 2012.
At that time, the midfielder was captain at Villa Park, and he admitted he would give his former club the first option on his services if he is successful in making a return to the game.
However, he admitted that the club has some serious problems both on and off the field at the moment, and he insists they would need to have appointed a new permanent successor to Remi Garde before he could make any final decision.
Petrov, who will be 37 by the time next season gets underway, told Sky Sports News: "Now I am at a level where I have a chance to go back and play professional football again."
"I have mentioned it to them [Villa] and told them of my intention that I would like to be given the option to join them for pre-season but I think they have a big problem at the moment.
"They don't have a manager and they need to make a big decision, especially for the next season, so I think when they announce the manager and he assesses the situation then I can speak to him and I will know more about it then."
Signing Petrov on any kind of fixed contract would be a big risk for a club which has just suffered its first relegation in three decades, but one realistic option could be a pay-as-you-play deal which would minimise the financial gamble on the club's part.
Former Villa boss Tim Sherwood, who added Petrov to his coaching staff a year ago, believes the success of Petrov's comeback would rely on him having the right sort of man to manage him, with the ex-Spurs boss insisting he would need a head coach such as Harry Redknapp to take care of him.
Petrov played 218 games for Villa between 2006 and 2012, scoring 12 goals.