Report: Theo Walcott agrees new Arsenal contract

According to goal.com, Arsenal have succeeded in tying Theo Walcott down to a new four-and-a-half year deal.

The Gunners forward has been heavily linked with a move away from the club with Arsene Wenger struggling to convince Walcott to sign a fresh deal, with his current contract set to expire this coming summer. But Arsenal have stood firm despite loosing the likes of Nasri and Van Persie in similar situations, and Wenger wants to prevent the exodus of star players from continuing.

News has spread recently that Walcott and his representatives were set for a final round of talks with Arsene Wenger and chief executive Ivan Gazidis, and apparently the 23-year-old has accepted the offer of a £30,000-a-week pay rise which may include a signing bonus of around £3m.

The new deal will keep the England international at the Emirates until the summer of 2017, with his salary set to increase to around £90,000-a-week, and he has joined the likes of Jack Wilshere, Alex Oxlade-Chamberlain, Kieran Gibbs, Aaron Ramsey and Carl Jenkinson to sign new long-term deals recently.

While a pinch of salt should always be taken with goal’s reports, they do have a strong base of sources so fingers crossed this is true. We will announce any official confirmation when available.