The Gunners just need to avoid defeat to qualify for the knockouts, while Standard must beat the North London side by a heavy margin and also rely on Vitoria beating Eintracht Frankfurt.
Following a painful run that saw Arsenal fail to win nine games in a row, Ljungberg's men finally received some joy during a 3-1 win over West Ham United.
The manner in which Arsenal kicked into life after grabbing an equaliser, with Nicolas Pepe and Pierre-Emerick Aubameyang killing the game in the second half, was a sign of how this team relies so heavily on confidence.
Under Unai Emery, the Gunners attacked with good precision and intent, only to find themselves undone by the slightest piece of confusion at the back, consequently causing performances to flatline.
Ljungberg's main task, therefore, is to restore a sense of core stability to the heart of this Arsenal team - to create a stable platform from which to dominate games over 90 minutes.
They have an excellent chance to do exactly that when they travel to Belgium in their final group-stage clash of this season's Europa League.
In Standard, however, Arsenal find a team with nothing to lose, with the Belgians knowing that they must beat Thursday's opponents 5-0, which would bring them level on points with the Gunners and give them a superior head-to-head record having lost 4-0 in October.
Needless to say, this is a gargantuan task for the Belgian side, whose last 5-0 victory came back April against Anderlecht.
Before that, however, Michel Preud'homme's side must focus on not conceding, which is something that they have only managed once in their last eight games.
The manager, therefore, has something of a conundrum from a tactical point of view: should he adopt the expansive 4-3-3 system used in league games, or stick with the more conservative 4-5-1 formation and look to hit Arsenal on the break?
Either way, Standard supporters will head into this game knowing that their team has to throw absolutely everything at Arsenal, which should make for some spectacle.
Standard Liege Europa League form: WLLWD
Standard Liege form (all competitions): LWDWWD
Arsenal Europa League form: WWWDL
Arsenal form (all competitions): LDLDLW
Noe Dussenne, sidelined since the summer with a knee ligament injury, is not expected back until February.
Arsenal look set to be without Kieran Tierney after the Scot picked up a shoulder injury against West Ham.
Standard Liege possible starting lineup:
Bodart; Vanheusden, Vojvoda, Bastien, Laifis; Gavory, M'Poku, Ammalah; Emond, Boljevic, Carcela-Gonzalez
Arsenal possible starting lineup:
Martinez; Chambers, Sokratis, Mustafi, Kolasinac; Guendouzi, Torreira; Saka, Willock, Nelson; Aubameyang
We say: Standard Liege 1-2 Arsenal
Following Monday's victory, Arsenal will head into this game feeling much better about themselves, and it seems likely that they will take advantage of a Standard side that has no options other than to attack from the first minute.
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