The 27-year-old has been on loan in Germany since January 2013, after finding first team opportunities hard to come by at the Emirates.
Despite coming through the youth ranks at Arsenal, and being considered a ‘homegrown player’ Djourou found first team chances limited under Arsene Wenger, and has been playing regularly at Hamburg since his loan switch.
There had been talk of a possible return to north London, with right back Bacary Sagna looking likely to depart when his contract expires at the end of the season.
But the Swiss international has reiterated his desire to stay in Germany.
“The fans are great. The mood is different than in England. If all goes well and the club also want to, I would stay.”