Arsenal manager Arsene Wenger insists midfielder Freddie Ljungberg still has "a lot to offer" the Gunners.
Ljungberg has featured in 10 of Arsenal's 22 Premiership games
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.