As we enter the final stages of the summer transfer window, Football Talk will be keeping you up-to-date with all the latest transfer news. Today, Arsenal have responded to reports Theo Walcott could be sold.

Arsenal have dismissed reports claiming talks with Theo Walcott have broken down and that the forward could be sold this week, according to ESPN.

The England winger has been locked in contract talks with the club after entering the final year of his deal this summer.

The Telegraph reported on Wednesday night that talks between the two parties had broken down after Walcott rejected Arsenal’s £75,000-a-week offer, with the player said to be holding out for nearer £100,000-a-week.

The report claimed Arsene Wenger was ready to sanction Walcott’s sale on Friday if the 23-year-old hadn’t put pen-to-paper on a new deal within the next 48 hours, with Manchester City, Liverpool and Tottenham are all said to be monitoring his situation.

However, a spokesman for the Gunners has said today that these reports are nothing more than speculation and that the club are still negotiating with the player and his representatives. The spokesman told ESPN:

“It is all speculation. Negotiations are ongoing.”

Walcott moved to Arsenal in 2006 from Southampton and has gone on to make 222 appearances for the club, scoring 42 goals, but will he still be with the club on the 1st September?

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We’ll know soon enough as time is running out and a decision needs to be made quickly. Arsene Wenger has said he doesn’t want the player to stay and be in the final year of his contract, so it seems the two parties must either come to an agreement in the next two days or Walcott may very well be on his way out of the Emirates.

What do you make of the Walcott situation? Get involved in the comments section.

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