"I can confirm that a second person has been arrested," Stockholm district court judge Helga Hullman told AFP.
The new suspect, whose identity was not disclosed, is being investigated about a "terrorist crime (by committing) murder," Karin Rosander, spokeswoman at the Swedish Prosecution Authority told public broadcaster SVT.
The prosecution has until Wednesday to ask a court to remand the suspect in custody, Rosander said.
A first suspect has been officially identified as a 39-year-old man from Uzbekistan and "applied for a permanent residency permit in 2014", a request later rejected, police said today.
The vehicle mowed down shoppers before slamming into the facade of the busy Ahlens department store.
The motive for the attack is not known.
Thousands of people were to gather in central Stockholm today for a "Lovefest" vigil against terrorism.
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