Arsenal have finally come to an agreement with Theo Walcott over a new deal, the club have confirmed, with reports claiming the winger signing a three and a half year deal including a wage of around £100,000 per week.

Some of the sticking points surrounding the deal were reportedly the length and the wage, with the BBC claiming that Walcott rejected a five year offer for £75,000 a week in the summer.

The last six months have been a long process in coming to an agreement, and Arsene Wenger couldn't help but express relief at keeping hold of the England international beyond the end of the season.

"We are all delighted that Theo has signed a new contract," he told the website. "He joined us as a 16-year-old and since then has developed very well to become an extremely important player for both Arsenal Football Club and England.

Theo Walcott
Theo Walcott will now be an Arsenal player for at least another three and a half years, the club have confirmed.

"Theo is a strong player and also a great person, and the combination of his ability and pace always make him such a valuable asset either from the flanks or down the middle.

"Theo's contract extension now gives us a strong nucleus of ambitious young players who have committed to the Club and want to be successful with us as a group."

Walcott also revealed he was delighted to put the speculation surrounding his future behind him, saying: "I am very happy to have signed a new contract here at Arsenal.

"I have made it clear from the start that I wanted to stay at Arsenal so I am pleased we have agreed a deal that everyone is happy with. What's important now is for the team to realise its potential and win trophies."