Arsenal are ready to enter advanced negotiations with Theo Walcott over a long-term contract, reports The Telegraph.
Progress between the two parties has been hindered by the recent international break but England's 3-2 win over Slovenia brought the curtain down on the current season.
Walcott is now expected to return to London where he will go straight into the boardroom with his executive entourage to hammer out his future.
Sitting on the other side of what is sure to be a long table carved from the finest mahogany will be the Gunners boss Arsene Wenger and his chief executive Ivan Gazidis.
The 26-year-old has just 12 months left on his contract but both he and the club want to come to an agreement that would see him stay.
Wenger has previously hinted that any new contract for Walcott would involve drawn-out talks with his hard-to-please representatives, but with the player now more confident over the direction of Arsenal, it seems a deal could be on the horizon.
While this season has been frustrating for Walcott, he was given a chance to impress towards the end of the campaign and responded with a hat-trick against West Brom and the opening goal against Aston Villa in the FA Cup final.
He now seems fully recovered from the serious knee injury that kept him out of all football in 2014 and Wenger is ready to make him one of the highest paid players at the club.
New wage & interest
Walcott became one of the highest earners after being given a £100,000-a-week deal in January 2012, but is now hopeful of being offered a deal to take him closer to the £140,000-a-week earned by Mesut Ozil and Alexis Sanchez.
Arsenal want to show Walcott that they still have faith in him but are certainly aware of interest from both Chelsea and Liverpool.
There are reports that Jose Mourinho was targeting Walcott as part of any deal to take Petr Cech to Arsenal while Brendan Rodgers wanted Walcott included in a swap deal for Raheem Sterling.
However, it seem Walcott, who is settled with his wife and child in London, is ready to commit his long-term future to the club.
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