Walcott is coming towards the end of his contract and is unhappy at not being played as a central striker at Arsenal.
Yet Arsenal have so far refused to agree to the terms Walcott is demanding.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.