The 26-year-old England international has been linked with a move to the Merseyside outfit in the summer transfer window.
Last week, The Mirror reported that Liverpool are ready to swoop in if Arsenal and Walcott cannot agree on a new contract.
Former Liverpool defender Carragher believes that the former Southampton star would be a good signing for Brendan Rodgers’ side.
“He’s an Arsenal player at the moment but he is a player that Liverpool have looked at before under Rodgers,” the 37-year-old told Sky Sports. “He’s a good player but is struggling to get into the Arsenal team with their top attacking players.
“If he was available then I’m sure any Liverpool fan, player or manager would love to see him at the club. But, he is an Arsenal player at the moment, and we must respect that.”
Would Walcott be a good signing for Liverpool?
As Carragher points out, Walcott is struggling for a regular first-team spot at Arsenal because of the fierce competition for places.
The Englishman will have to complete for places at Liverpool too, but as a new player, he is likely to be given chances to prove himself.
The fact that Walcott plays with Daniel Sturridge, Raheem Sterling and Jordan Henderson among others in the England national team is also going to be a favourable factor.
The Arsenal attacker knows the Premier League inside out and would not take any time to settle down, which is going to be helpful in the initial months of the campaign.
However, the problem is that Walcott is prone to injuries. Would Liverpool be willing to take a risk?