There have been some rumours emerge that Arsenal star Theo is on the verge of signing a new contract at the Gunners, which will keep him at the club for the foreseeable future.

The 23-year-old’s salary will climb from £60,000-a-week to around £90,000-a-week under the new agreement, which will be bolstered by top-up bonuses and a multi-million pound signing-on fee.

Walcott has indicated his desire to stay at Emirates Stadium after being offered an improved package by Arsenal. He has also been encouraged that Arsene Wenger has lived up to his promise of giving him opportunities to play in his favourite centre-forward role.

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Walcott has started Arsenal’s last five matches up front, scoring four goals, including a hat-trick against Newcastle United. Despite being regularly overlooked by Wenger in the first three months of the season, he leads the club’s scoring charts with 14 goals.

Both parties are confident the new deal will be signed by the end of the week, which will then allow Wenger to concentrate on reinforcing Arsenal’s squad. (Goal.com)

If the reports are true and je is about to agree a new deal, then it will come as a big relief to many fans who do not want to see one of their best players leave the club at any point in the near future