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Ivanka, who served as a senior adviser in her father's administration, has distanced herself from politics since her father's departure from the White House.
Michael Cohen said he believes federal investigators will find "a lot of information" by probing the "unholy" relationship.
Jared Kushner's ties to Saudi Arabia have been under scrutiny after The Washington Post reported that Saudi Arabia gave $2 billion to Kushner's Affinity Fund.
A report from the Washington Post detailed how Trump and his son-in-law used their past positions to set themselves up to profit from ties with Saudi Arabia.
The House Oversight Committee is launching an investigation into whether Jared Kushner used his White House position to attain a $2 billion investment from a Saudi Arabian wealth fund.