The Gunners were keen to land the Crystal Palace youngster as a replacement for Walcott, who was set to leave the club at the end of his contract this summer.
But reports have emerged from the Emirates that the former Southampton winger is ready to agree a new deal, having had various requirements met, and that has opened the door for Manchester United to sign the Eagles star.
Arsenal remain in the market for other targets this January though with Demba Ba, David Villa and Arda Turan all linked to the north London club.
Source: talkSport
