Reports claim the Russian side are ready to make a bid for the winger in the January transfer window.
Walcott’s current contract with the Gunners is set to expire at the end of the season and the winger has so far refused to extend his deal.
The winger has previously been strongly linked with a number of Premier League and Serie A clubs.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?