PSG are chasing Arsenal attacker Theo Walcott. The Daily Star says from today they can open talks with the England star, who is out of contract at Arsenal in the summer.

Walcott - a hat-trick hero in the 7-3 defeat of Newcastle on Saturday - wants to stay with the Gunners.

But the North London club are refusing to meet his £100,000- a-week wage demands.

PSG are backed with £37bn worth of Arab oil money and would be able to offer the 23-year-old double what he wants at the Emirates.

Manchester United and ­Manchester City are also keen on Walcott, while Chelsea have been linked with him as well.

PSG boss Carlo Ancelotti has the next few months to try to persuade him to sign a pre-­contract agreement with his team.

Only overseas clubs can offer this to Walcott and the French giants are at the head of the queue.