Walcott has recently been linked with a move to another Premier League club.
Arsenal forward Theo Walcott will remain at the club next season, according to a report in the Daily Mirror, which suggests that manager Arsene Wenger will reject any attempts to lure him away from the Emirates Stadium.
The Mirror reports that Walcott is in line for a role in a wide right position rather than through the middle as the Gunners are on the lookout for another striker, having tried to secure a deal for Leicester City's Jamie Vardy, whose future seems unresolved for the time being.
They also report that West Ham United have been one of the clubs interested in signing the 27-year-old as they look to kick on from a promising season in the Premier League which saw them finish seventh and qualify for next season's Europa League.
So that appears to be one transfer story nipped in the bud pretty early on, unless there is a sensational offer that could turn Wenger's head and he can land two players that both fill the role that he wants Walcott to play next season and allow him to strengthen in another area in the squad.
For now, it seems that Wenger wants to keep hold of Walcott, a player that should have a point to prove ahead of the next campaign following his omission from the Euro 2016 squad. The only way he can get back into that set-up is to play regularly and play well to hold down a place.
A lot has been spoken about Walcott as a player that perhaps has not fulfilled his potential, even at the age he is now. But he is a player that provides pace and goals to a side.
Last season he scored just nine goals from 42 appearances in all competitions, and very few of them came in the second half of the season. Hitting the mid-teens is a must for Walcott next season, as he needs to find the net on a more consistent basis, irrespective of playing out wide or through the middle.