I have one solution in mind. Using DivX Converter, which is already installed, convert this file to some supported format and then import it in Premiere Pro. Is it a good option?
Xvid/Divx are output files, not meant to be edited (variations of the MPEG4 codec, often used for Internet streaming video) so, they mostly do NOT edit well (if at all) in any flavor of Premiere, even if wrapped inside an AVI container
To edit a divx/xvid file, or convert to a format that will edit in Premiere
But I have edited Divx files many times before, without any issue, in Premiere Pro.
Have you edited that particular version of DivX before?
I agree on the conversion of that particular file, to edit it properly.