Theo Walcott's future looks set to lie away from Arsenal after it emerged that he was not part of a significant push to tie down players to new long term contracts.

The Mirror has reported that Arsenal are prepared to offer new deals to some of the brightest prospects at the club in Alex Oxlade-Chamberlain, Kieran Gibbs and Emmanuel Frimpong.

Walcott is the only one of the quartet whose contract is due to expire at the end of the season and it had been expected that he would be offered improved terms after turning down an offer during the summer.

Theo Walcott
Walcott is set to miss out on a new contract [Reuters]

However, there is reportedly no sign that Arsenal boss Arsene Wenger is prepared to restart negotiations as he refuses to offer any more than the £75,000-a-week which was already put on the table.

Wenger did suggest that he wanted to keep the winger amid interest from Liverpool and Juevntus, yet his actions are in stark contract as he seemingly places more importance on other Arsenal players.

The Mirror stats that Oxlade-Chamberlain is set to be offered a new five year contract after impressing since moving from Southampton and forcing his way into the Arsenal first team.

Gibbs has two years left on his current deal but has established himself as the number one choice at left-back and Arsenal are keen to tie him down to a longer deal.

The same is said for Frimpon who, despite injuries preventing his development, is still set to be offered a new deal and possibly sent out on-loan in order to regain his match fitness.

Arsenal are also said to be playing close attention to the developments concerning Bacary Sagna's plans as he is now in the final two years of his contract.

The right-back has been a near irreplaceable figure in the Arsenal defence but the emergence of Carl Jenkinson this season has shown that the club do have players in reserve.