Theo Walcott was on Wednesday night set to stay at Arsenal after holding showdown talks with Arsene Wenger at the club's training ground.
Press Association Sport understands Walcott did not back down over his contract demands but gave assurances he definitely wanted to stay with the Gunners in the long-term.
Arsenal had been braced for the prospect of selling Walcott before the transfer window closes on Friday but they are now happy to continue negotiations beyond then and effectively risk losing him for nothing next summer.
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