Arsenal midfielder Serge Gnabry is set to join West Bromwich Albion on loan, Arsene Wenger has confirmed.

"Gnabry is going to West Brom," Wenger said when asked about the youngster, as quoted by the Daily Mail.

The report claims that the German midfielder is set to join the Baggies on a six-month loan deal, as he looks to get regular football under his belt after missing the whole of last season with a serious knee injury.

Gnabry, who joined the north London club from Stuttgart in 2011, had a breakthrough campaign during the 2013/14 season, when he made 14 appearances for the Gunners first-team, including nine in the Premier League.

But last season he was restricted to just a handful of U21 appearances due to a knee injury sustained before the start of the 2014/15 campaign. He has since returned to training, but with a host of players ahead of him in the pecking order at the moment, the manager seems to have sanctioned the move in order to facilitate regular game time.

Tony Pulis, according to the Mirror, has been keen on signing the German midfielder after failing with a move for Queens Park Rangers winger Matt Phillips.

Meanwhile, Theo Walcott has expressed his delight at extending his contract with Arsenal, after the winger penned a new four-year deal that will keep him at the Emirates Stadium until at least the summer of 2019.

The England international is currently Arsenal's longest-serving player, and he is confident that the team can progress and move on to bigger things following back-to-back FA Cup wins.

"It's nice to get things resolved before the start of the season. I've always enjoyed playing for this club, I love this club. I've been here nearly 10 years now and it's my second home," the English forward told Arsenal's official site.

"The manager has been fantastic to me. The players, the coaching staff, everyone at the club itself, the people that you don't see on the inside and, most importantly, the fans have all been amazing."

"The Emirates is a great stadium to play your football in and this team is very special. I think we can go places this year and move on from the success of the FA Cup. I want to be a part of that," Walcott added.