On 28 August 2020, Holding was in the starting 11 in the 2020 FA Community Shield, which Arsenal clinched a 5–4 victory over Liverpool in the penalty shootout after the match was 1–1 after 90 minutes. On 12 January 2021, Holding committed his future to Arsenal by signing a new three and a half year deal. He earned his 100th appearance for the Arsenal in the 3–1 victory over Southampton two weeks later.