Despite now having Champions League qualification out of their own hands, Walcott is adamant that a point against the Premier League champions was a good result for his side.
"There are still three very important games left," Walcott told Sky Sports News. "We have just got to concentrate on ourselves.
"I think if you look back, both teams will think it was fair. Both teams didn't really want to lose the game. Overall, it will be a good point come the end of the season."
Arsenal's next game is at Queens Park Rangers on Saturday.