Theo Walcott reopens talks as Arsenal secure deals with young British stars Following on for their morale-boosting 5-2 win at Reading on Monday, Arsenal have had a further lift from Theo Walcott reopening talks about his new contract while five young British players are set to commit their futures to the club in the next few days. It is understood that Jack Wilshere, Aaron Ramsey, Alex Oxlade-Chamberlain, Kieran Gibbs and Carl Jenkinson are all on the point of signing new contracts with Arsenal that will keep them at the Emirates for at least the next five years. The news, which could be officially announced before Arsenal take on Wigan on Saturday, will boost manager Arsène Wenger, who in the last few seasons has seen prized assets such as Samir Nasri and Robin van Persie leave after entering the last year of their deals. In August it appeared as though Walcott would follow a similar path out of the club when talks about a new £75,000 contract broke down and the striker was warned he could be sold in January. However, negotiations restarted last week and Walcott, who featured in a central striking role at Reading and scored their fifth goal, would appear to be back in favour with his manager. Arsenal were humiliated last week when they were knocked out of the Capital One Cup by League Two Bradford, a defeat. However, the club line, is different. Wenger said after the Reading game that only if he was judged by headlines could Arsenal be said to be in trouble - in that case it was a "super-crisis." Looking back at 12 points from their last seven Premier League games, Wenger insisted that the their position was rather steadier than some had suggested. Vermaelen wants Walcott to stay but has no idea whether he will sign a new contract or not.