Walcott set for new Arsenal contract

Arsenal are set to offer Theo Walcott a large hike in wages in order to keep the England international at the Emirates. The winger’s contract runs out at the end of the season and the Daily Mail is reporting that the Gunners are preparing to offer him a £70,000 per-week contract – £15,000 more than he currently earns.

Arsene Wenger has spoken on the subject but has admitted he is not involved in the talks at present, he said: “Negotiations continue. At the moment not directly with me, but we try to sort it out one-way or the other. We want to extend his contract and keep him at the club – but you need not only our desire. His desire is also right, he wants to stay and we need to find an agreement.”

The 23-year-old signed for Arsenal in January of 2006 after impressing at Southampton in the Championship. In that time he has played 150 Premier League games and has scored 26 goals, being used predominately as a wide man, but on occasion down the middle where he has often said he prefers to play.

The North London side will hope to tie up a contract sooner rather than later, amid fears they could lose important player. Under the Bosman ruling, Walcott could sign a pre-contract from the January 1, 2013 with a club from overseas. There has been speculated interest this summer from Chelsea and Liverpool but nothing has come to fruition regarding that talk.

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