Theo Walcott has reportedly agreed a new four-and-a-half-year contract to stay with Arsenal.
Goal.com suggests that the 23-year old forward has accepted a £30,000-a-week pay rise in a deal which will see him remain at the Emirates Stadium until 2017.
Walcott, who is out of contract in the summer, is expected to earn around £90,000 per week as well as top-up bonuses and a multi-million sign-on fee.
Final talks were reportedly held between Walcott's representatives, Arsenal chief executive Ivan Gazidis and manager Arsene Wenger at the London Colney training base on Wednesday.
