The England international has confessed that he can understand it being exciting for fans, but does not relish it as a player.
The England international’s future is firmly at Emirates Stadium but he has confessed that as a player it can be stressful seeing your name linked with a move to a new employer.
“I will be watching Sky Sports and seeing all the rumours,” Walcott told the Evening Standard.
“But it is probably one of the most stressful times for a footballer. I am sure a lot of people enjoy watching that but it is so stressful for players because you could be going somewhere one minute and then somewhere else the next.
“We are talking about some people’s careers.”
Arsenal have already signed Krystian Bielik and Gabriel Paulista during the January transfer window, with it remaining to be seen if a surprise late deal could be conducted by Arsene Wenger.
Walcott has had his injury concerns this season but has returned to the first-team fray of late.
He started his first Premier League game of the season yesterday against Aston Villa, scoring the side’s third goal before being substituted for Tomas Rosicky in the 70th minute.
Walcott looks heavily likely to feature in the North London derby this weekend, with both Arsenal and Tottenham vying for a top-four finish this term.