Arsenal chief Ivan Gazidis is tightlipped over the prospect of securing Theo Walcott to a new contract.

Gunners boss Arsene Wenger called on the 23-year-old forward to soon make a "concrete" commitment if he wants to stay.

While refusing to be drawn on specifics, Gazidis maintained the funds were available should the manager feel Walcott worth the continued investment for a bumper pay deal.

The Arsenal chief executive said: "I am not here to talk about any individual player contract discussions, but obviously we have got funds to be able to make the right decisions for the football club and we will do that based on Arsene's judgements."