Arsenal aren't giving up on keeping hold of Theo Walcott.

The Mail on Sunday says Arsenal will make a last-ditch bid to keep Walcott, who is wanted by Liverpool and Chelsea, in fresh contract talks next month.

Walcott's contract expires in seven months and negotiations have been deadlocked since Arsenal made a bid to press him to sign a new deal at the end of August.

Walcott has scored eight goals and started four of the last five games and talks will resume in the next few weeks.