AS Monaco are preparing a massive offer for Arsenal attacker Theo Walcott. The Daily Mail says French giants Monaco are considering a €40million (£34m) January swoop for Walcott.

The England international has been sidelined with an abdominal strain and has not played since the Gunners' 2-1 victory over Marseille in September.

But manager Arsene Wenger is unlikely to let the 24-year-old leave the club while Walcott is believed to be happy to stay at Arsenal.

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