Arsenal are entertaining offers for Theo Walcott. The Daily Mail says Arsenal manager Arsene Wenger has given Theo 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, 23, could even be ditched before the close of the transfer window on Friday, with Manchester City and Liverpool asking to be kept informed. The north London club will demand a £12million fee.