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It is not about the money for Theo Walcott claims Wenger, despite the evidence to the contrary

Arsenal are not prepared to lose Theo Walcott this summer and manager Arsene Wenger is confident the club will solve his wage problems, claiming the winger is ‘not obsessed by money’.

The 23-year-old, who has less than a year left in his present contract, has been offered a long five-year-contract with a wage package worth £75,000 per week. However, the England international is not happy with the offer, as he wants a figure around £90,000 per week.

Arsenal made it clear to him that either he has to accept the deal or the club will sanction his departure during this transfer window alerting Manchester City and Liverpool, both are heavily interested in the player who is valued at £15m.

However, Arsene Wenger doesn’t want further exodus of star players from his squad and a short term agreement is now understood to be in place.

Speaking to Sky Sports, The Gunners boss said “Theo has one year to go. We want to extend his contract. I think Theo loves the club.

“He is not obsessed by money, there is just a little difference [in the negotiations].”

The Gunners have already lost two quality players in the form of Robin van Persie and Alex Song, sold to Manchester United and Barcelona respectively, and further losing Theo Walcott would not only have weakened the squad but would again raise questions about the club’s high ambition.

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