Theo Walcott wants a significant pay rise if he is to sign a new Arsenal contract . Talks over a new deal have begun with the Arsenal forward nearing the final year of his contract . The pacy forward currently earns in the region of £90,000-per-week - but Walcott will ask for a sum significantly north of £100,000-per-week before agreeing to an extension . Theo Walcott wants a significant pay rise if he is to sign a new Arsenal contract . The pacy forward currently earns in the region of £90,000-per-week but will ask for a sum significantly higher . It remains to be seen whether the Gunners will meet the demands but his current position in Arsene Wenger ’ s plans may provide an indication . Since returning from a long-term injury , Walcott has struggled for regular football , with the likes of Olivier Giroud , Danny Welbeck , Alexis Sanchez , Santi Cazorla , Mesut Ozil and Alex Oxlade-Chamberlain all vying for a slot in Wenger ’ s four attacking positions . Arsenal top-earners Sanchez and Ozil earn in the region of £140,000-per-week . The Emirates Stadium are unlikely to offer Walcott anything near that amount , particularly given his lack of games . His wage demands could lead to another long drawn out contract saga , similar to the discussions for his existing deal which nearly saw Walcott leave before he signed his last contract in January 2013 . Liverpool and Manchester City will be monitoring Walcott ’ s situation closely ahead of a potential summer move . Walcott will be hoping to earn a similar amount to star man Alexis Sanchez on £140,000-per-week . Gunners winger Walcott has struggled for a first team place under Arsene Wenger ( above ) VIDEO Chelsea too far in front - Wenger .
Theo Walcott holding out for Wenger ’ pay rise before signing new deal . Walcott is currently earning around £90,000-per-week . England international hoping for sum north of £100,000-per-week .