The 31-year-old has spent this season on loan at the Emirates, making 16 appearances and netting twice including a goal in Wednesday night’s 3-0 victory away at Wolves.
However, the Israeli international is unsure of his future and admits he will have to discuss it with his parent club upon his return.
He told The Evening Standard: "I think it is difficult to speak now about the future.
"It is better to concentrate on the five weeks that are left and do my best for the club. I am fully committed to Arsenal and after we will see.
"After June 30, I am going back to Chelsea and then the club and I need to decide. Each one has to think what is best for them.”
Benayoun, who only made eight appearances for Chelsea, admitted that he holds the west London club dear and wants to contribute to success at Stamford Bridge.
"I will not lie, I love Chelsea, because I have a good relationship there. I didn't play much, because I had a big injury," he continued.
"I still have a lot of friends there I talk to every day. Of course I want them to do well, but it is difficult."