• Premier League

Walcott reaches short-term resolution with Arsenal

ESPN staff
August 29, 2012
Theo Walcott has told Arsenal he has no intention of leaving © Getty Images

Theo Walcott looks set to stay at Arsenal after reaching a verbal agreement with Arsene Wenger over his short-term future.

Walcott had been linked with a shock move to Manchester City after rejecting the Gunners' offer of a new five-year, £75,000-a-week contract.

Wenger had wanted Walcott to sign a new deal before the transfer window closes on Friday, but appears to be satisfied by Walcott's assurances that he has no intention of leaving Emirates Stadium, even if he is unwilling to sign a new long-term deal.

A spokesman for the Gunners told ESPN: "It is all speculation. Negotiations are ongoing. Arsene Wenger and Theo Walcott had a heart-to-heart talk on Wednesday and both parties are committed to proceeding with a new contract.

"The player will not be sold before the end of the transfer deadline."

The winger signed for the Gunners from Southampton in 2006 and has since made 222 appearances in all competitions, scoring 42 goals.

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