Arsenal are bracing themselves to lose yet another big-name player after failing to convince Theo Walcott to sign a new contract.
Press Association Sport understands Walcott has turned down a deal worth around £4million a year and could be sold before the transfer window closes on Friday.
Walcott reportedly wants to continue negotiations over what is said to be a £75,000-a-week, five-year contract tabled to replace the one that expires next summer.
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