Theo Walcott will sign new long-term Arsenal contract

Theo Walcott is on the verge of ending speculation about his future by signing a new long-term contract with Arsenal.

The 23-year-old England forward, who is in the final six months of his deal,rejected a five-year offer worth £75,000 a week in August.
But agreements have now been reached between Arsenal and their top scorer, who could put pen to paper on Friday if legal formalities can be completed.

Arsenal top scorers this season

	PL	FA Cup	League Cup	Europe	Total
Theo Walcott	8	0	5	1	14
Lukas Podolski	6	1	0	3	10
Olivier Giroud	6	0	2	1	9
Santi Cazorla	7	0	0	0	7
Gervinho	3	0	0	2	5

Arsenal, who face Chelsea on Sunday, are set to confirm the news next week.

Talks stalled after Walcott turned down Arsenal's summer proposal and it is only in the last two weeks that meaningful progress has been made.
Arsenal lawyers and the player's advisors spent all of Thursday in negotiations before agreeing on most issues by 19:00 GMT.
The club had tabled a five-year contract worth a reported pound 90,000-a week with a signing-on bonus worth around £3m.
Walcott favoured a three-and-a-half year deal but common ground has been found on that, and also on the complex area of image rights
                                                   .Source: BBC NEWS