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​Southampton boss refuses to speculate over interest in Arsenal's Walcott

Southampton boss Mauricio Pellegrino has praised Theo Walcott who once played for the Saints, but refused to comment on the speculation of a return to the South Coast

The England international, who came through the youth system at Southampton before moving to Arsenal in 2006 as a 16-year-old, is thought to be willing to take a wage cut in order to complete a deal.

"There are many players that we have interest in," he said. "I can't say anything because, obviously Walcott is an excellent player, but I can't confirm this.

"We are in the market ready to try to bring somebody that wants to come but I know it will be difficult.

"In January it is not easy to bring in players but the market is huge and I think we will have some opportunities.

"We have got a couple of targets, four, five, six targets. We have confidence that someone else can come and it will be great for us.

"We are looking for a player that can improve the level of the squad. In the market you never know until the end."


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