Arsenal chairman Pater Hill-Wood has stated that he is unsure whether Theo Walcott will sign a new contract with the club, and the side's wage structure will not be broken.

The England international attacker is in the last year of his contract with the north London club, and has failed to agree terms on an extension, with £75,000-a-week wages spurned.

The Gunners chief has admitted that Walcott's future is up in the air.

"We have got our general overall wage structure and we are not prepared to break it for anybody," Hill-Wood told The Telegraph.

"We have made an offer which he didn't think was acceptable and that is the end of it. We think it is a very reasonable offer.

"For the moment his people are still talking to us and we hope it will be resolved. But don't ask me when, because I haven't a clue.

"I hope that he will eventually come round and sign. It will be a pity if he does not, but the whole issue of pay for footballers has got totally out of hand and they don't get terribly well advised a lot of the time," he concluded.