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Arsene Wenger: 'Theo Walcott close to new Arsenal contract'

Arsenal boss Arsene Wenger discloses that Theo Walcott is closing to sealing a new contract which will see him commit his future to the club.

Arsenal boss Arsene Wenger has revealed that the club are close to finalising a contract extension for Theo Walcott.

Reports have suggested that the 26-year-old has agreed a new four-year deal to remain with the Gunners, which includes wages of £100,000 per week.

Wenger has insisted that the contract is not over the line yet, but he is optimistic that it will be completed in the near future.

The Frenchman told reporters: "Not yet but we're getting closer and closer. Hopefully we can finalise it very soon."

Walcott scored the only goal of the game to guide Arsenal to a 1-0 victory over Wolfsburg in the Emirates Cup.

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Arsenal's English midfielder Theo Walcott celebrates scoring the opening goal of the pre-season friendly football match between Arsenal and Wolfsburg at The Emirates Stadium in north London on July 26, 2015
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