Arsenal Transfer News: Latest on Theo Walcott and Dusan Vlahovic Rumours

Arsenal manager Arsene Wenger has admitted he does not know whether Theo Walcott will remain at the club after the attacker's lack of game time this season because of the emergence of the likes of Alex Iwobi and Joel Campbell. 

Oliver Platt of Goal quoted the coach speaking to reporters, and when asked whether the England international could leave, Wenger replied: "I don't know yet."

The Frenchman continued, per Platt:

"

I'm not in transfer mode at the moment, but I think he [Walcott] has gone through a bad spell. He has responded very well, because he said: 'Okay, I will work harder and more.'

Even when he comes on now, you see he is motivated and focused. Let's see how well he finishes the season now.

You have the emergence of a guy like Iwobi. But the players that did not play [against West Brom]: Santi Cazorla, Mikel Arteta, Mathieu Flamini, Jack Wilshere, Alex Oxlade-Chamberlain, and I forget a few that weren't even in the squad.

"

Dan Mullan/Getty Images

The 27-year-old has started just 15 Premier League games this term, scoring five goals and providing two assists, according to WhoScored.com.

Iwobi's progression has presented a wall for Walcott to climb over, but the attacker has been firmly rooted to the bench.

Despite Walcott's lack of form, former Gunner Charlie Nicholas of Sky Sports said Wenger should retain the speed merchant:

"

There has to be suitors looking at him. I don't see why Manchester United and Liverpool wouldn't be interested.

Theo has the pace that people will be interested in and Chelsea might also be looking at him if they're considering letting Eden Hazard go.

I think if the money was there, Arsene would sell him but I would not. It scares me that he could go to another club and deliver.

"

Matt Dunham/Associated Press

In other news, Arsenal will compete with Juventus for Partizan Belgrade’s Dusan Vlahovic, who has been billed as the next Zlatan Ibrahimovic.

Chris Hatherall of the Mirror reported the powerful 16-year-old will be chased by both European giants as they look to grab one of the continent's most exciting talents.

Despite his young age, the player has already made his full debut for his club, scoring once, according to Hatherall, who also reported the youngster could be available for as little as £2 million. 

Here is a video of the teenager in action:

Walcott has been seen as the future of Arsenal's attack since arriving from Southampton in 2006, but he has struggled for fitness and consistency during a large portion of his stay at the Gunners.

Arsenal had a great chance to run away with the Premier League title this season, topping the table on New Year's Day as their traditional rivals floundered, but they have been usurped by Leicester City and Tottenham Hotspur.

Wenger needs to find a front line that offers him an abundance of goals and regular minutes on the pitch, otherwise the Premier League will remain out of reach for the north London team.