The England international has been tipped to rejoin the Saints after seeing his game time restricted since the start of the season. The forward has not started a Premier League game this campaign, and was again an unused substitute in the Gunners’ 3-2 win over Crystal Palace last night.
Southampton will receive a substantial financial windfall from the £75m sale of Virgil van Dijk to Liverpool, and one of their priorities seems to be capturing Walcott, who left the South Coast to join Arsenal for £12m 11 years ago.
The winger has been tipped to leave the Emirates for a while, and with no prospect of being offered a new deal beyond the 18 months remaining on his current contract, a sale maybe good for all parties, allowing the Gunners to reduce their wage bill.
The Saints are not the only club pursuing Walcott however, with Everton and West Ham also reportedly interested in signing the player.