Emirates Stadium attacker puts pen to paper.
News from Sky Sports has been echoed by the BBC and this long running saga would appear to be at an end.
The 23 year old had less than six months to run on his current contract and was initially frozen out of Arsenal’s first team set-up until his form was impossible to ignore.
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Walcott has continued to impress and was rewarded with a striking role in recent Premier League encounters to great effect, with the Arsenal man netting a hat-trick against Newcastle United.
Having convinced Walcott to sign a new deal he may have less of an urgent need to bring in attacking reinforcements and the former Southampton man has managed 14 goals this term and is Arsenal’s top scorer in all competitions.