Chelsea and Liverpool are on alert after contract talks between Arsenal and Theo Walcott reportedly reached a stalemate.
Walcott has around 15 months left on his existing deal at the Emirates Stadium and is also believed to be of interest to the likes of Barcelona, Juventus, Manchester City, and Tottenham.
Arsenal are keen to tie the England international to a new long-term contract before he enters the final year of his existing deal, and the player is believed to be happy at Emirates Stadium.
But according to Goal.com, Arsenal are refusing to meet Walcott's personal demands.
The forward is wanting £100,000-a-week from the Gunners, who according to Wednesday's report are unwilling to offer him more than £80,000.
The 23-year-old knows that his position will be strengthened the longer his future remains unresolved, and Arsenal are keen to avoid a repeat of the Samir Nasri saga from last summer.
However, although Walcott is settled in London, an Arsenal source told the website that the player is believed to be holding out for an offer that meets his six-figure salary expectations, which will put clubs on alert.
Arsenal manager Arsene Wenger is keen to ensure Walcott and captain Robin van Persie pledge their futures to the club before the summer.
Barcelona and Man City are also keen on Van Persie, as are AC Milan, Real Madrid, and Paris Saint-Germain.