Polymers are often used to coat tablets for controlled drug release. The purpose of this study is to evaluate the solubility of the HPMC and PVA blend compared to isolated polymers in solutions with a pH of biological fluids (6 and 1.2) and the dissolution of capsules obtained using theophylline granules produced with the HPMC/PVA 25/75 blend as a matrix and as coating. HPMC is completely solubilized in the medium that simulates the pH of the stomach and intestine, and PVA is the polymer that allows controlling the solubility of the blend in the medium, with a differents pH. The dissolution time was monitored by UV absorbance with maximum theophylline at 269 nm. The theophylline was released immediately in the granules, and in the capsules 78.4% after 30 minutes and 97.4%, after 120 minutes. Thus, PVA can potentially control the drug solubilization, contributing to obtaining modified release systems.