The Guardian has reported that Arsenal and Theo Walcott are nearing a deal that would pay the striker £25 millions over the next five years. While it's a big payday, it's also the right move for the Gunners.
Walcott is at the end of his contract with Arsenal, and would be up for free transfer as soon as July.
It was unknown if both sides would get a deal done, as negotiations have gone on for some time. Walcott originally spurned an offer from the Gunners in August, and it was unknown if he would make first-team for 2012-13.
While a deal is still far from final, it looks like the building blocks are in place. As long as nothing changes, things will probably be finalized by early next week.
The 23-year-old is one of the fastest players on the pitch, using his speed to dart through defenders and open up shots.
In nine games of Premier League play this season, Walcott already has eight goals and six assists. Both lead the team.
The only issue standing in the way of a deal now is team manage Arsene Wenger.
The Frenchman has near total control over the transfers and moves of the team. It was recently reported by the Mirror Online that he's attempted to quiet buzz that Arsenal is in for a spending spree.
Walcott may not be the best player on the pitch, but he's shown solid development with the Gunners.
He's arguably one of Arsenal's best players, and if his start to the Premier League has proven anything, it's that he still has plenty of talent to show the World.
While Wegner may not jump at the chance for a spending spree, not even he can deny the importance of locking up Walcott for the long run.
And there's no time better than the present.