By ESPNSTAR.com staff
The former Southampton player has stalled on plans to sign a contract extension with Arsenal, after the Gunners refused to up their 75,000 pound per week wage offer. Although manager Arsene Wenger has continued to portray a sense of optimism in retaining Walcott's services, sources close to the player indicated that it was unlikely he would stay beyond the end of the season.
A bulk of the interest in Walcott comes from Chelsea, Liverpool and Manchester City, but the Daily Telegraph reports that Manchester United are also contemplating a bid for him. The 23-year old's pace and versatility are characteristics that have attracted Red Devils boss Sir Alex Ferguson, with the Scot also hoping for Walcott to assist Robin van Persie in clambering up the scoring charts in a similar manner to the previous campaign.
With a Premier League winner's medal up for grabs and a chance to work alongside good friend van Persie once more, Walcott is believed to be seriously considering United as an option, although no official bid has come in from Ferguson's team yet. An offer from the Red Devils is likely to comprise of a 10 million pound bid and a player exchange deal involving Nani, if Arsenal can work out a way to meet the Portuguese's equally high wage demands.
Wenger is expected to use funds from Walcott's sale to put together bids for Crystal Palace's Wilfried Zaha and Schalke's Klaas-Jan Huntelaar.