The Catalan giants are keen to sign the Arsenal captain and have already had one bid turned down by the Gunners this summer, but Iniesta, who spent several years with Fabregas in Barca's youth team, hopes to be able to link up with him at the Nou Camp next season.
"Let's hope so. Everybody has come out and spoken of the desire we have for him to be with us next season. We would be delighted. Not just because he is a team-mate and a friend, but because it would be great for the club," he said at a press conference organised by Nike in Barcelona on Tuesday.
"His arrival would give us a huge jump up in quality and he would play his part to help us stay up there competing in the big competitions. We would love him to be here."