Arsenal are set to offer Theo Walcott a new five-year contract to keep the England international tied to the Emirates Stadium until 2020.
This is according to the Mirror, who understand the Gunners are determined to avoid the same scenario they found themselves in two years ago, when the player entered the final 12 months of his contract before signing a new deal worth £100,000-a-week.
Walcott, who has just returned to action after a year on the sidelines with a serious knee problem, will have 12 months left to run on his current deal come the end of the season.
Arsenal to open talks this month
Keen to ensure the 25-year-old commits his long-term future to the Gunners, Arsenal plan to open talks with Walcott’s representatives later this month.
And it’s understood that the deal could be finalised by the end of March.
Walcott: Key player for Arsenal
Walcott established his status as one of Arsenal’s key players prior to his injury, but is steadily working his way back to top form and full fitness after such a long period out of action.
The lightning-quick forward has scored 70 goals in 287 matches since joining the north London outfit in a £12 million deal from Southampton in 2006.
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