Neither player has been included in the annual release, leading to speculation that the pair could be heading closer to the exit door with doubts over their long-term futures
The omission of the duo from the calendar - which features a different first-team player for each month - could be seen as a sign that both could be set for the Emirates exit door.
Walcott’s current contract is set to expire next summer, and he has been linked with a move to Premier League rivals Manchester City and Liverpool in recent times.
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|9/1||Theo Walcott is 9/1 with Bet365 to score the first goal against Tottenham on Wednesday|
Walcott has been in superb form for his side this term, grabbing nine goals and four assists from his 15 appearances in all competitions.
Team-mate Sagna’s future is also in doubt, with the France international thought to be interesting Inter, while deputy Carl Jenkinson has impressed boss Arsene Wenger with his progress this season.
Sagna suffered a broken leg at the end of last term, and has since made six appearances for the club after returning to match fitness.