Campbell, former captain of arch-rivals Tottenham Hotspur, moved across north London in 2001 and in his five years at Arsenal, the club won two Premier League titles and three FA Cups.
He was also part of the team that won the FA Cup and league double in 2002 and the side that was undefeated during the 2003-04 league season.
Campbell's last match for Arsenal was the 2006 Champions League final when he scored in their 2-1 defeat by Barcelona.
He won the last of his 73 caps in November 2007 when England lost to Croatia at Wembley and were eliminated from Euro 2008.
While Campbell moved closer to a return, the club's Swiss international defender, Philippe Senderos, has stated his wish to leave the north London club.
"I want to go, I want and need to be playing ahead of the World Cup," he told the BBC. "I don't want to play in the reserves, I just want to go."