Arsenal are considering a move to bring in Simone Zaza from Juventus in order to increase their options in attack, according to reports from the Express.
The 24-year-old was recently linked with a deadline day switch to the Emirates, but a move failed to materialize.
The recent surgery to attacking star Danny Welbeck has now ruled him out of action for the next few months, meaning Olivier Giroud is the only senior striker left for selection.
It is now believed that manager Arsene Wenger could make a £24million offer when the transfer window reopens in order to give Giroud and Welbeck some competition up top.
Walcott is likely to be reverted from a winger role into a more central position for the next few months given his recent revelation of wanting to be played down the middle.