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Walcott starts negotiations with Arsenal after Euro 2012, Chelsea monitor the situation 4.07.2012

The England international Theo Walcott will start negotiations with Arsenal for the renewal of his contract after Euro 2012, revealed the media in Britain.

Walcott's contract with Arsenal expires in the summer of 2013, which means that "the Gunners" could miss England international. The situation is similar with the Dutch star Robin van Persie.

Problem with negotiations between the two countries may be the fact that Walcott will want a bigger consideration than what is currently receiving. Weekly salary of the English national Arsenal is 70,000 pounds.

Chelsea closely monitoring the situation with Theo Walcott and Londoners can try to take him back in the summer transfer window.

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