The 22-year-old had recently been linked with a move to Italian side Juventus during the summer.
However, the Gunners are believed to be keen to keep hold of the winger and will offer him fresh terms to remain at the Emirates Stadium.
Walcott joined Arsenal in 2006 from Southampton.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Liverpool | 14 | 11 | 2 | 1 | 29 | 11 | 18 | 35 |
| 2 | Chelsea | 15 | 9 | 4 | 2 | 35 | 18 | 17 | 31 |
| 3 | Arsenal | 15 | 8 | 5 | 2 | 29 | 15 | 14 | 29 |
| 4 | Manchester CityMan City | 15 | 8 | 3 | 4 | 27 | 21 | 6 | 27 |
| 5 | Nottingham ForestNott'm Forest | 15 | 7 | 4 | 4 | 19 | 18 | 1 | 25 |
| 6 | Aston Villa | 15 | 7 | 4 | 4 | 23 | 23 | 0 | 25 |
| 7 | Brighton & Hove AlbionBrighton | 15 | 6 | 6 | 3 | 25 | 22 | 3 | 24 |
| 8 | Bournemouth | 15 | 7 | 3 | 5 | 23 | 20 | 3 | 24 |
| 9 | Brentford | 15 | 7 | 2 | 6 | 31 | 28 | 3 | 23 |
| 10 | Fulham | 15 | 6 | 5 | 4 | 22 | 20 | 2 | 23 |
| 11 | Tottenham HotspurSpurs | 15 | 6 | 2 | 7 | 31 | 19 | 12 | 20 |
| 12 | Newcastle UnitedNewcastle | 15 | 5 | 5 | 5 | 19 | 21 | -2 | 20 |
| 13 | Manchester UnitedMan Utd | 15 | 5 | 4 | 6 | 19 | 18 | 1 | 19 |
| 14 | West Ham UnitedWest Ham | 15 | 5 | 3 | 7 | 20 | 28 | -8 | 18 |
| 15 | Everton | 14 | 3 | 5 | 6 | 14 | 21 | -7 | 14 |
| 16 | Leicester CityLeicester | 15 | 3 | 5 | 7 | 21 | 30 | -9 | 14 |
| 17 | Crystal Palace | 15 | 2 | 7 | 6 | 14 | 20 | -6 | 13 |
| 18 | Ipswich TownIpswich | 15 | 1 | 6 | 8 | 14 | 27 | -13 | 9 |
| 19 | Wolverhampton WanderersWolves | 15 | 2 | 3 | 10 | 23 | 38 | -15 | 9 |
| 20 | Southampton | 15 | 1 | 2 | 12 | 11 | 31 | -20 | 5 |
| > Premier League Full Table | |||||||||
