Arsenal is confident of signing Theo Walcott to a new contract.

Walcott has had an impressive preseason for Arsenal.

Walcott agreed a £90,000-a-week deal 18 months ago after a protracted period of negotiation and Arsenal appear set to avoid a similar saga by offering the 26-year-old an increased wage. Asked if he had signed new terms, Wenger said: “Not yet. But we are getting closer and closer and hopefully we can finalise it very soon.”