The Italians are keen to take advantage the Premier League star’s uncertainty at the club with a bid in the New Year, and believe that they can tempt him to swap London for Turin in an £8m deal.
The Gunners are reportedly unwilling to meet Walcott’s salary demands, which could allow him to leave once his contract expires at the end of the season.
Juve manager Antonio Conte is thought to have made the wide man one of his top targets, as he looks to bolster the Old Lady’s attacking options ahead of the season run-in.
It’s believed that the ex-Southampton man will be able to leave for a reduced fee this winter, as Arsenal look to avoid the possibility of a free-transfer at the end of the campaign.
Manager Arsene Wenger has insisted that his speedy winger is not for sale, but will be aware that a swift resolution to the saga may benefit his team in the long run.
Arsenal’s strict wage budget has contributed to a number of big names leaving North London in recent times, with captain Robin van Perise completing a move to Manchester United over the summer.
The likes of Cesc Fabregas, Alex Song and Samir Nasri have also moved on from the club frustrating supporters.