The Nobel laureate, who could be propelled into a parliament still largely composed of the military and ruling army-backed party, would be given a "suitable" position, Nay Zin Latt told the news agency.
It is the latest gesture of reform by Myanmar's new leadership, but concerns remain about the fate of political detainees in the country also known as Burma.
"There is... a possibility she will be appointed to the government," said the adviser, adding it would depend on Suu Kyi's wishes.
"If she's more interested in legislative matters, there can be a suitable duty for her at parliament."
The comments come as Suu Kyi's National League for Democracy (NLD) party confirmed that the 66-year-old would contest the vote in a constituency near Yangon.
"Daw Suu will contest from Kawhmu constituency. We will release final candidate lists for constituencies after January 11," NLD spokesman Nyan Win told AFP. Daw is a term of respect in Myanmar.
"We do not know yet how and where she will serve her duty if elected," he said, a stance he reiterated when asked for reaction to the government's latest apparently conciliatory move.
Nyan Win said earlier that Suu Kyi would embark on a campaign trip soon, although details of the tour have not been decided.
Nay Zin Latt said President Thein Sein would welcome Suu Kyi if she was elected in the vote and becomes a parliament member.
"The president wants the coming by-elections to be free and fair," he said.
Suu Kyi, who was freed from seven straight years of house arrest days after the November 2010 election, said she expected to live to see a "full democratic election" in Myanmar, in comments to the BBC last week.
Her NLD also saw its party registration officially approved by authorities last week, clearing the final hurdle to its participation in the by-elections.
A total of 48 seats are up for grabs in the April vote -- 40 in the lower house, six in the upper house and two in regional assemblies.
The polls are to fill places vacated by those elected in the controversial vote who have since become ministers and deputy ministers in the government.
But the number of seats available is not enough to threaten the resounding majority held by the ruling party.
One quarter of parliament's seats are taken up by the army, while the Union Solidarity and Development Party, which is packed with former military men, holds about 80 percent of the remainder.
Relations between the new nominally civilian government and the opposition have seen a significant thaw in recent months, with high-profile dialogue between former generals, including the president, and Suu Kyi.
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