The Spaniard's current contract is running down this season and he is attracting interest from across Europe.
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Athletic Bilbao are keen on the former Rayo Vallecano coach, as are Crystal Palace. The Eagles have been in contact with Iraola's minders about replacing the departing Oliver Glasner this summer.
The Daily Mail says Iraola had been leaning towards signing a new deal with Bournemouth - before Athletic made their interest known.
With Ernesto Valverde stepping down at the end of the season, Athletic are keen to bring Iraola back to San Mames. And the interest has turned Iraola's head, having made over 400 appearances for Athletic as a player.