Army officials on Friday said their forces had detained the five, including Mahmood Khan, a senior Taliban commander, in a "successful operation" in the valley.
"Muslim Khan and Mahmood Khan with head money of 10 million rupees ($120,500) have been arrested by security forces," Athar Abbas, the chief military spokesman, said in a statement.
"Along with them, three other terrorist leaders - Fazle Ghaffar, Abdul Rehman and Sartaj - have been also been apprehended," he said.
Al Jazeera's Kamal Hyder, reporting from Pakistan's capital, Islamabad, said the Taliban said some of the men had been negotiating with the military when they were arrested.
"The Taliban Swat spokesman Salman, who is officiating in the absence of Muslim Khan, said that the Taliban had started peace talks with the Pakistani military eight days ago," Hyder said.
Source: A Jazeera (English)