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Walcott has hinted that he could stay in Arsenal 18.12.2012

England international Theo Walcott has hinted that he could stay in Arsenal and extend his contract with the club.

"Negotiations are ongoing. This is a slow process. Take a long time, but I hope that everything will become clear soon, "said Walcott after Arsenal victory with 5:2 in the visit to Reading.

The 23 year old Walcott has refused to sign a new contract with Arsenal for £ 80,000 per week, and his current contract expires in the summer and he could leave as a free agent.

"The Gunners", however, believe that they can win around 15 million pounds for the player if they sell him in January.

Serious interest in the English national has from Chelsea and Liverpool.

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