Terry is yet to decide on his next move after this week rejecting the chance to join Spartak Moscow on a one year deal.
The 37-year-old insists he still feels able to cut it as a player and there are understood to be several options available to him if he decides to stay active.
But Chelsea boss Sarri says Terry could have a role to play back at Stamford Bridge so long as he accepts it will not be as a player.
Sarri said: "It is up to him because if he wants to play for another season.
“I think it is right that he tries to play but if he wants to help us I am really very happy.
“I don't know if there is a chance he told me other things. I am talking about a week ago.
"He told me he wants to play but I don't know, I have to speak to him.
“Chelsea is his home. Of course I am open [to having] him because of his history with the club. He has won everything with the club so it is up to him.
“Here he is a point of reference, here it is John Terry's home so he will be very important for everybody, only the presence.
"The coaching staff I think. I want to give space to the younger players. Fortunately we have strong young players, and I would like to give them a space."
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