Manager Arsene Wenger maintains he has given no thought to trying to bring Thierry Henry back on a short-term loan deal in January, but admits it is "an honour and a pleasure" to have the former captain back at the club.
The Gunners legend, 34, is currently training at London Colney to keep up his fitness levels following New York Red Bulls' exit from the Major League Soccer Cup at the hands of David Beckham's Los Angeles Galaxy.
Theoretically, the former France World Cup winner could sign a short-term deal with his old club before the new MLS campaign starts up again, much like Beckham did when playing for AC Milan. However, Wenger said: "I have not thought about that at all."
Henry was an integral part of Wenger's 'Invincibles' squad of 2003/2004, going on to become Arsenal's record goalscorer before leaving to join Barcelona in the summer of 2007.
Wenger added: "At the moment we have a big squad and anyway, that problem cannot be examined before the end of December.
"At the moment we have 26 outfield players so we have a massive squad."
Wenger added: "Thierry's future is in the [United] States. He is going back in February. Until then we will just help him to practice and keep fit."
The Gunners boss hopes the presence of such an iconic figure will only be a positive influence for the rest of the squad.
"Thierry loves football, and he loves Arsenal," Wenger said. "To practice with us for him is a pleasure - for him and for us.
"I think it is an honour and a pleasure. An honour because he is a legend at the club and he is coming back, a pleasure because when he is on the football pitch, he is still a great player."