Theo Walcott
Theo Walcott would welcome Luis Suarez's arrival at Arsenal. [Reuters]

Theo Walcott believes that Luis Suarez would be a great addition to the Arsenal side but feels that even if they fail to land the Uruguayan they can still challenge for major honours.

Suarez is keen to leave Liverpool in order to join the Gunners but Reds chairman John W Henry and manager Brendan Rodgers have maintained that the player will not be sold to Arsenal.

Arsene Wenger yesterday admitted that that a move for Suarez was on 'standby' as he waits to see if the striker can force through an exit.

Walcott feels as though Suarez would be a great signing but feels as though even if a top class player does not arrive at the Emirates they will still be able to compete for trophies if they find more consistency.

"If he comes, great," Walcott told the Telegraph. "Even if we stay as we are now, we are a great team and we showed that in the last 10 games last season. We just need to do that a bit more on a consistent level at the start of this year but every player who is at Arsenal is a top-class player.

"You're not going to get an average player come to Arsenal, I think that every player that is here is a top-class player. The boss has believed in so many players he has brought in and they have done so well."

Arsenal have made just one signing this summer as 20 year old striker Yaya Sanogo joined on a free transfer, while a move for Real Madrid forward Gonzalo Higuain fell through as he decided to join Napoli.

While they have failed to significantly improve their squad, Wenger has allowed a number of fringe players to leave the club, the latest being Gervinho who has joined Roma in a deal worth £6.9m.