Chelsea and Paris Saint-Germain are both lining up moves to prise Arsenal star Theo Walcott away from the Emirates Stadium, according to reports.
The England winger only has a year left on his contract and is yet to agree a new deal, leaving Arsenal fans with the prospect of losing another one of their players on a cut-price deal following the transfers of Samir Nasri and Cesc Fabregas last summer.
Today's Mirror claims that Chelsea boss Roberto Di Matteo is looking to take advantage of the situation by tabling a bid for Walcott, who scored 11 goals last season.
Mega-rich Paris Saint-Germain, who are now managed by former Blues boss Carlo Ancelotti, are also looking to add the 23-year-old to their squad as they prepare for a dual assault on Ligue 1 and the Champions League next season.
It is believed a bid of around £15million will be accepted as the Gunners look to cash in on a player who would be available on a free transfer
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