The defender may not finish his season-long loan at the administration-hit SPL side after the club looks to cut costs with five players being shown the door on Tuesday
The defender, who is in the middle of a season-long spell at Ibrox, is unsure of whether or not he will be able to see out his deal with the SPL side as administrators look to cut costs.
The club have already seen five players leave on Tuesday, including Gregg Wylde and Mervan Celik, and Bartley could be next to face the axe as the Gers battle a £75 million tax bill.
But the Gunners man has insisted that a decision has yet to be reached over his future.
He told Sky Sports: “Nothing has currently been decided. My parent club is Arsenal so logic says that I will go back to Arsenal if cuts are made, but nothing has been decided.
"As it stands I am still a Rangers player for the season. As it stands I will be leaving Rangers in May to go back to Arsenal. But talks are still ongoing with the administrators so it's up to the club to come to some sort of conclusion."
Bartley's parent club, Arsenal, are 22/1 with Bet365 to qualify for the next stage of the Champions League by edging out AC Milan on Tuesday.
The 20-year-old, who is in his second spell with Rangers, expressed his disappointment at the SPL champions' current plight and praised his team-mates for trying to help the club as much as possible.
“It's a very sad time for Rangers Football Club," he added.
"A lot of credit has to go to the players that are currently there who are all set to give up massive amounts of money to help the club survive and save a lot of people's jobs.
“Everyone is sad that such a massive club has come to such a crisis. It's a shame for everyone that's involved and the fans.
“I don't think anyone at the club wants to leave but it's a situation where players might have to in order to benefit the club."