BBC Sport - Theo Walcott will sign new long-term Arsenal contract Theo Walcott is on the verge of ending speculation about his future by signing a new long-term contract with Arsenal. The 23-year-old England forward, who is into the final six months of his current deal, rejected a five-year offer worth £75,000 a week in August. But agreements have now been reached between Arsenal and their top scorer, who could put pen to paper on Friday if legal formalities can be completed. Arsenal, who face Chelsea on Sunday, are set to confirm the news next week.