But, as per the aforementioned report from Matt Law of the Telegraph, it is in fact Everton, who are known to be on the lookout for reinforcements out wide, who look to have jumped to the front of the queue for Walcott.
Pic: Getty Images (Theo Walcott has only played 49 minutes in the Premier League all season, despite being fit) Everton and Southampton have held high-level talks with Arsenal about signing England forward Theo Walcott in a permanent transfer this month.
Ahead of facing Bournemouth on Sunday, Wenger said: "He is a good player but nothing is happening". It's a permanent deal we're hoping to negotiate'.
"I don't get optimistic otherwise I get disappointed". I will be very excited and enthused once someone - if it's not Theo -has actually signed on the dotted line in this window or any window.
"I can not give him assurances as it is not honest", he said when asked if he was going to give Walcott more chances in the second half of the season.
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Walcott arrived at Arsenal in January 2006 - for £5m rising to about £12.5m - and has scored 108 goals in 396 appearances, with eight goals in 47 games for England. It's "have boots, will travel" now, isn't it?
He added: "If it's possible to be over the line I'd be delighted".
Press Association Sport understands Toffees defender Mason Holgate could face a Football Association charge for alleged homophobic tweets sent from a now deleted Twitter account more than five years ago.
'This is a historical tweet from years ago so he doesn't need any reminding because all the players have already been made aware for more than this year.
"It's not in my hands whatever the situation is now, but we will find out if and when what the course of action is".