The Arsenal forward has refused to sit at the table to formulate an extension contract with Arsenal, unless his demands for a new contract and more first team action are met. Earlier in the season, Arsenal manager Arsene Wenger revealed that club was not in position to negotiate a new deal.
Arsene Wenger explained that Arsenal was wouldn’t be able grant Theo Walcott an increment or meet demands of more time on the field because of financial restrictions and the three summer signings.
Nonetheless, Arsenal came up with a new contract offer for Theo Walcott this month. The youngster seems unimpressed by the new contract and has refused to further negotiation a deal with the Arsenal brass.
Last week Arsene Wenger told reporters that the contract talks between Theo Walcott and the Arsenal board have stalled. The Frenchman also informed that the forgoing process seems to have fallen apart.
“I personally am not involved in that directly. Indirectly of course yes, but at the moment we have not made any progress,” Arsene Wenger said. :I am frustrated, honestly. Between the player and me it is all clear, he knows what he wants and he has to make up his mind.
“We have been in negotiations with Theo for a long, long time, and we have not been late in our renegotiations with him. We always try to extend the contracts very early.”
Theo Walcott is aiming for move into another Premier League club. A couple of clubs have responded to Theo Walcott’s plea of an away move with a lot of interest. Liverpool, Tottenham Hotspur and Chelsea are willing to dig deep into their pockets to meet the demands of Theo Walcott.
A bidding war could ensue over Theo Walcott is Arsene Wenger is unable to retain the services of his star forward. Arsenal failed to persuade Theo Walcott into inking a new contract with them during the summers. Arsene Wenger took a gamble by keeping him at the club even though the forward had only 12 months left on his contract.
Now as the January transfer window approaches Theo Walcott will have only six months left on his contract with Arsenal, which means he will be free to personally negotiate with other clubs over a transfer move. Moreover, Arsenal will have to release Theo Walcott at a cut-price deal of around £10 million if they sell him off during the January transfer window.