Arsenal boss Arsene Wenger feels he has a readymade replacement for Theo Walcott.

The Daily Mail says Wenger has given Walcott the next 48 hours to decide whether he wants to sign a new five-year contract worth £75,000 per week - or be sold.

Walcott was only on the bench for Sunday's 0-0 draw at Stoke and it is understood that if he goes, academy prospect Serge Gnabry, 17, will be fast-tracked into the senior squad.