New contract for Walcott

Arsenal this afternoon confirmed Theo Walcott has signed a contract extension with the Barclays Premier League club.

The England forward would have been a free agent at the end of the season, and Arsenal have been in protracted negotiations to close out terms on a lucrative extension which would make Walcott among the highest paid players at the club with what is understood to be a three-and-half-year contract worth close to £100,000-a-week, and boosted by a lucrative signing on fee.