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Arsenal boss Wenger delivers 'sign or sell' ultimatum to Man City, Liverpool target Walcott

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.

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