The attacker has entered the final 12 months of his current deal with the Gunners but has revealed that a new deal could yet be thrashed out
Arsenal forward Theo Walcott insists discussions with the club over a new contract are ongoing.
The 26-year-old is entering the final 12 months of his current deal with the Gunners and has previously stated that he is happy to allow negotiations for an extension to extend past the start of the new season.
Walcott, who scored the only goal in a 1-0 victory over Wolfsburg on Sunday to secure the Emirates Cup, has been linked with a move away from the club this summer but insists that nothing has been decided yet.
“It’s still in the process, so I’m sure if something happens everybody will know,” he told BT Sport.
Arsene Wenger has fielded young talents Alex Iwobi, Isaac Hayden and Jeff Reine-Adelaide in the Emirates Cup this year, with the latter providing an assist to Walcott in Sunday’s victory.
And, having also been entrusted by the Gunners boss when he signed for an initial £5 million fee (€7m) in 2006 aged just 16, Walcott feels the trio are at the best club to develop their talents.
He said: “They play with a free spirit, and the manager gives them an opportunity and that’s why he’s so good at his job.
“That’s why the club is fantastic to nurture those young talents who come through. You’ll see more of them I’m sure this season, but they’re going to flourish.
“Training with us every day they’re only going to get better, but they fit in, they’re Arsenal players and they showed some very good stuff out there today.”