Ljungberg undecided on January move
The 32-year-old made more than 200 league appearances for the Gunners from 1998-2007, netting 46 goals to help the club win two Premier League titles, as well as three FA Cups.
The ex-Swedish international left Highbury for London rivals West Ham United before later joining newly-formed Major League Soccer side Seattle Sounders.
And in a situation similar to David Beckham, Ljungberg - who won 75 caps for his country - is being linked with a move to Europe in January in order to maintain his fitness during the MLS off-season, with a return to Arsenal for the second half of the 2009/10 campaign reportedly on the cards.
The Emirates Stadium outfit refused to comment on the speculation, with a club spokesman telling Fotbollskanalen:
"We don't comment on speculation.
"When and if a deal will happen is something we would confirm when it happens."
But when recently questioned about his future following the conclusion of the MLS campaign, Ljungberg insisted:
"I haven't decided what I want to do."