Arsenal could be bringing back one of the club's legends on loan during the January transfer window.
With the Major League Soccer season not starting until March, a loan move to Arsenal will give Henry a chance to stay fresh during the offseason.
Henry scored 15 goals and had 12 assists with the New York Red Bulls this past season as he led the club to the conference semifinals before they were knocked by DC United in a tumultuous two-leg playoff series.
This is not an unusual move for MLS players, as Henry did the same last season with the Gunners.
Landon Donovan and David Beckham were the two other high-profile players who decided to go on loan this past season during the month of January.
Donovan spent the month of January on loan three times, twice with Everton and once at Bayern Munich, with this 2010 spell at Everton being the most successful of the three moves.
Beckham spent two straight seasons on loan at AC Milan in 2009 and 2010, with the second loan spell ending in an Achilles injury that left him out for six months.
The risk of injury is one that Henry will face if he does move to Arsenal in January, but it is likely that the Red Bulls will let the Frenchman go back to his former club again, as they did the same last season.
The Gunners currently sit in sixth place in the EPL with 19 points, and they seem to have recovered from their goal-scoring crisis from the beginning of the season.
Olivier Giroud has four goals in last three matches in all competitions, and all signs are looking good that the French forward will be the club's top goal scorer.
Henry would most likely come off the bench at the club so he does not disrupt the the rhythm of Giroud in the forward position.
Along with those four matches, the Gunners will also be involved in the third round of the FA Cup, the round of the competition where Henry famously scored against Leeds United last season.
January will be a crucial month for the Gunners, and the move of Henry will add depth and plenty of buzz to the club as they go through that difficult schedule.