Ljungberg has featured in 10 of Arsenal's 22 Premiership games
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Arsenal manager Arsene Wenger insists midfielder Freddie Ljungberg still has "a lot to offer" the Gunners.
Ljungberg, 29, is currently injured but has been linked with a move after failing to secure a first-team place.
"Given his dedication and contribution to the team's success it is important to state that Freddie is a valuable member of our squad," said Wenger.
"Although I can't predict the future, (his) experience and winner's attitude means he still has a lot to offer."
The Sweden captain has featured in just 10 of Arsenal's 22 Barclays Premiership games this season - with competition from the likes of Alexander Hleb and Tomas Rosicky meaning his place is no longer assured when fit.
Ljujngberg joined the Gunners from Halmstads for £3m September 1998.
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