Arsenal and Theo Walcott have come to a short-term agreement that the player will not leave the club before the transfer window ends, Sky Sports claim.
The England international winger has less than a year left on his contract with the north London outfit, and has refused to pen a new deal as yet due to disagreements over wages.
With Liverpool and Manchester City loitering and ready to pounce should the Gunners opt to sell the attacker, rumours were rife that Arsene Wenger would cash-in on the player to avoid losing him for free in a year’s time.
However, it is believed that the latest round of talks have been more positive, and although a new contract has not been agreed upon, the two parties have agreed that a hasty sale before the end of the week is not the answer.
Arsenal had to sell Robin van Persie to Manchester United earlier this summer as the Dutch maestro was in a similar position.
By Gareth McKnight