Arsenal forward Theo Walcott poised to sign £20m deal Walcott had been linked with a move away from the Emirates Stadium last month as the 23 year-old appeared to become one of latest Arsenal player to be involved on a long-running contract saga after the player and club's representatives failed to raech an agreement over his new deal. However, it has been reported the England international has reached a mutual agreement with the club which is understood to be worth around £20 million and includes a re-signing on fee in excess of £1 million. Despite previous reports stating that a sticking point in Walcott's negotiations with the club centred around him starting as centre-forward, the new contract does not include any assurances that his demands will be met. It is said that Walcott's revised contract will earn the player upto £100,000 a week after bonuses and performance-related incentives.