Arsenal set two-week deadline for in-form Walcott to sign new deal to keep him at Emirates
22:50 GMT, 30 December 2012
Arsenal want Theo Walcott's long-term future secured within the next fortnight.
Club officials are working to set up a second round of formal contract discussions with the player and his representatives in the next 14 days.
Arsenal are increasingly optimistic a deal can be reached. Sportsmail understands the 23-year-old's preference is to stay.
Main man: Theo Walcott was in exceptional form against Newcastle
But the original 75,000-per-week offer made on August 28 must be improved, while Walcott also wants assurances over his chances of playing as a centre forward on a regular basis.
The England star wants a package closer to 100,000 per week, but it is believed a deal of 85,000 or 90,000 would suit both parties.
Meanwhile, Arsenal will this week make their move to sign Crystal Palace forward Wilfried Zaha.
The Gunners are set to increase their starting offer to beat Manchester United to the England player's signature.
Arsenal had originally planned to make an 8million opening bid for the 20-year-old starlet, who wants to leave Selhurst Park in January.
However, they are considering a more lucrative starting offer to ensure Zaha's arrival.
Deadline: Arsenal want Walcott's new deal sewn up within the next two weeks
Icing on the cake: Walcott scores his third and Arsenal's seventh