Last night's thrilling performance against Reading will help his demands to be played as a forward rather than a winger, but he is also apparently demanding a rise to £100k per week, which would break Arsenal's strict pay structure.
If a deal cannot be struck then it is believed that Arsenal will allow Walcott to leave in January, with Liverpool, Man City and Chelsea circling.
But the boyhood Liverpool fan has always expressed a desire to play for the Reds, so maybe this time we will be first choice?
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