Arsenal are upping their contract offer to Theo Walcott.

The Daily Mail says Arsenal will this week make an improved offer of £25million to Theo Walcott in a bid to end his long-running contract saga.

The England international will get a five-year deal worth in the region of £88,000-per-week, plus a £3million signing-on bonus.

It is hoped the new deal is enough for Walcott to commit his long-term future to the North London club.