Walcott set to pen new Arsenal contract

Theo Walcott is close to signing a new four-year contract with Arsenal.

Theo Walcott is close to signing a new four-year contract with Arsenal.

The Sunday Mirror says Walcott has been out since November after damaging a shoulder - an injury that required surgery.

But now he is just weeks away from a first-team return, which should coincide with the announcement of his new deal.

Talks have been on-going for the last month, with the new deal more than trebling Walcott's wages.

It will put him in the £50,000-a-week bracket.

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