The 34 year-old striker is currently representing his country at EURO 2016 and is expected to decide whether he will compete for his nation in Brazil following its conclusion.
Sweden Under-21 coach Hakan Ericson is hopeful Ibrahimovic will participate in Rio, but acknowledged the lack of time following the Euros could be a pitfall.
"He has said he wants to wait to make his decision until after the European Championships," Ericson, who is taking charge of the Olympics squad, said.
"There is a little gap and I want to keep it open because it would be fantastic, although my hopes are not huge. But we have hope."
Ibrahimovic is one of seven over-23 players, only three of which will be eligible for the Games, named in Sweden's preliminary squad, which will be cut to 18 players.
The towering Swede did not get to play in Brazil in 2014, as Sweden failed to qualify for the FIFA World Cup.
He has been repeatedly linked with a move to Manchester United after opting to leave Paris Saint-Germain when his contract expires at the end of the month.
Sweden will take on Colombia in Manaus in their first outing at the Olympics on August 4.
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