The latter is currently away on international duty with Brazil and is said to be relaxed over his Leeds United future, according to the player's father.
“Possibilities exist, but these possibilities involve three parties: the interested club, the current one and the player,” Raphael Belloli Snr said.
“He is calm about having a contract, and, as everyone knows, the possibilities depend only on him. What is already known is what is in the news, nothing different from that.”
The Leeds winger's father all but confirms there are interested parties in his son, but with United's Premier League survival, decision-makers at Elland Road can now command a higher fee for Raphinha's services.
Recent reports have drawn on Barcelona's interest and the Catalonian club's well-documented financial difficulties.
However with up to ten players listed for sale at Camp Nou and the prospect of Ousmane Dembele leaving on a free transfer, the LaLiga side should still be able to raise the funds if they so wish to acquire the player.
In reference to Raphinha's knee-walk celebration at full-time last weekend, the 25-year-old's father said: “It was a celebration of great relief. It was a promise with regards to his goals which, unfortunately, were not to go down. This was achieved with the effort of the entire group. He is a very dedicated player with a lot of faith.”