Arsenal are confident Theo Walcott will accept a bumper pay-hike and pen new terms.

The Daily Mail says Walcott's representatives arrived at Arsenal's London Colney HQ yesterday for formal talks with club officials.

The discussions represent a significant step in the Gunners' attempts to tie the 23-year-old to a new long-term contract.

And Arsenal chiefs are growing increasingly confident that Walcott will put pen-to-paper on fresh terms - understood to be a five-year contract worth in excess of £70,000 per week.

Walcott currently earns in the region of £55,000 per week.