The winger was a marque summer signing for the Pilgrims but it’s not worked out for the former Grimsby man at York Street.
Arnold’s time at the National League North club is over, but the 31-year-old says he will be back before long.
He told Lincolnshire Live: “I have got an agent and have had a few offers, but I want to take my time.
“don’t want to go club-to-club - I want to be in control.
“I don’t want to go somewhere where I am doing myself, football and the club a disservice.
“In the last few years or so in football a few people from the outside looking in have wondered whether my heart is still in it.
“I am completely happy with where I am in my life and the career I have had.”