Walcott has yet to sign an extension to his current contract which expires next June, alerting the likes of Manchester City and Liverpool.
Arsenal faced a similar scenario earlier this summer and eventually chose to sell Robin van Persie to Manchester United, rather than risk losing him on a free next summer.
Wenger, however, is adamant that the England winger will not be sold to the highest bidder before Friday evening’s transfer deadline and is hopeful that a resolution to the contract negotiations that collapsed last week can be found.“Theo has one year to go. We want to extend his contract. I think Theo loves the club." he said.
“He is not obsessed by money, there is just a little difference [in the negotiations].”
Follow GOAL.COM USA on