The person spoke on the condition of anonymity because the team hasn't made its list of candidates public.
The 70-year-old Sloan spent 23 seasons with the Utah Jazz before resigning in February 2011. He hasn't coached since.
Sloan first told SI.com on Thursday that he plans to meet with Bobcats officials.
Sloan becomes the ninth known candidate, joining Patrick Ewing, Nate McMillan, Dave Joerger, Mike Malone, Nate Tibbetts, Mike Dunlap and Stephen Silas. The Bobcats also plan to interview Indiana Pacers assistant Brian Shaw.
The Bobcats finished the season 7-59, the worst record in NBA history.