The England international has struggled for game time in the Premier League this season, and his lack of first team action has prompted speculation that he could depart the Emirates in the January transfer window.
Hornets boss Marco Silva is said to be considering a move for Walcott but has doubts over the player’s desire, and whether he would be fully committed to playing for a club like Watford.
The 28 year old has performed well in the Europa League this season when given the chance by Gunners boss Arsene Wenger. He scored three goals and provided five assists in six group stage games.
In the league however, he has barely played, with his cameo in the 3-3 draw against Liverpool on Friday night his first appearance since the beginning of October.
Walcott’s contract, which is reportedly worth £140,000 a week, expires in 2019 and he is unlikely to get a new deal. His lack of games does indicate a possible departure sooner rather than later, but whether Watford will make an offer, we will have to wait and see.