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Liverpool FC favourites to sign Arsenal FC forward Theo Walcott

Theo Walcott (credit: BARTOSZ SIEDLIK/AFP/GettyImages)
Liverpool have emerged as favourites to sign Arsenal forward Theo Walcott, who is set for contract talks later this week.

Walcott is out of contract this time next year and talks over a new deal at Emirates Stadium are believed to have stalled.

According to the Daily Express, the 23-year-old will hold talks with the Arsenal hierarchy this week to determine whether he is set to become the latest player to edge towards an exit from the club.

Arsenal are said to fear that following Robin van Persie's recent announcement that he does not plan to sign a new contract, Walcott may follow his captain's lead and look to secure a move away this summer.

Chelsea and Paris Saint-Germain are also thought to be keen on signing the England international, but on Tuesday afternoon, Liverpool emerged as the huge favourites with bookmakers, with Bet Victor making the Merseysiders even money favourites to be Walcott's next club, ahead of AC Milan, Chelsea, and Barcelona, who were all priced at 12/1.

Back in April, Goal.com had reported that Walcott, who is currently on a £65,000-a-week deal at Arsenal, was wanting a new £100,000-a-week contract.

The Gunners are believed to be unwilling to offer him more than £80,000.

Walcott knows that his position will be strengthened the longer his future remains unresolved, and Arsenal are known to be keen to avoid a repeat of the Samir Nasri saga from last summer.

Some Arsenal ­officials are believed to be keen on cashing in on Walcott and could be tempted by a bid of around £15m to avoid losing him for free next summer. Whether that stance has changed as a result of Van Persie's recent decision to quit the club remains to be seen.

Speaking late last year, Walcott had stated that he would listen to what the Gunners are willing to offer him.

"I will listen to what Arsenal have to say," he said.

"Hopefully we will sit down with the club soon and talk things over."

However, agent Colin Gordon had at the time admitted that he did not know if Walcott would still be at the Emirates next season.

"We'll see," he said. "I don't know what will happen."

Will Walcott stay or go? Have your say below!

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Liverpool FC favourites to sign Arsenal FC forward Theo Walcott

Liverpool have emerged as favourites to sign Arsenal forward Theo Walcott, who is set for contract talks later this week.

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