This chapter analyzes the role conceptions of Swedish foreign policy since the end of the Cold War. The chapter’s point of departure is a theoretical framework based on role theory, including the scope conditions for role change and the possibility of the Europeanization of foreign policy roles. Based on a reading of previous studies of Swedish foreign policy and primary sources, the chapter first analyzes how Swedish foreign policy role conception was Europeanized during the 1990s and early 2000s. Secondly, it examines how this Europeanized role was subsequently complemented by a reemerging Nordic one. The conclusion of the chapter is that Sweden’s foreign policy role conception today is characterized by multiple roles.