article_snippet: It's becoming as regular as clockwork at Arsenal: a Theo Walcott contract saga.
article_snippet: As Arsene Wenger so jovially put it last week, contact has been made with 'the embassy' (Walcott's representatives) about a contract extension.
article_snippet: But just like two years ago, there are no guarantees Theo Walcott will commit.
article_snippet: Theo Walcott wants a significant pay rise if Theo Walcott is to sign a new Arsenal contract .
article_snippet: Because that's what Theo Walcott wants; a hefty hike on Theo Walcott current £4.6million-per-year deal.
article_snippet: And all that points to one thing: another Theo Walcott contract row.
article_snippet: There will certainly be takers for Theo Walcott if his leaves this summer.
article_snippet: The first is to meet Theo Walcott demands, the second is to try to reach a compromise.
article_snippet: The third is to let Theo Walcott enter the final year of Theo Walcott contract, which opens the door to Theo Walcott leaving for nothing next year.
article_snippet: Fourth is to sell Theo Walcott this summer.
article_snippet: Theo Walcott will be hoping to earn a similar amount to Gunners star man Alexis Sanchez on £140,000-per-week .
article_snippet: Theo Walcott looked certain to leave the Emirates Stadium in 2012 after rejecting a new contract.
article_snippet: Theo Walcott managed to persuade the speedster to stay and Theo Walcott subsequent performances led to the Gunners improving the Gunners offer, which was signed in January 2013.
highlights_snippet: Theo Walcott is currently earning around £90,000-per-week, £4.6m a year .
  
highlights_snippet: Theo Walcott is holding out for an Arsenal pay rise before signing new deal .
  