Theo Walcott of Arsenal during the Carabao Cup fourth round match against Norwich City.
Arsenal manager Arsene Wenger (L) looks on as Theo Walcott takes a throw-in during the UEFA Europa League Group H football match against Red Star Belgrade.
However, despite arriving as a 16-year-old and being considered one of the brightest talents in English football, the attacker has failed to truly live up to expectations and has fallen down the pecking order in recent times.
A return to St Mary's is likely to be tempting for Walcott having come through the academy at the Hampshire outfit and if they do re-sign the 28-year-old, should Everton try and use that to their advantage?
Southampton's Nathan Redmond (C) vies with Bournemouth's Charlie Daniels (R) during the English Premier League football match.
The England international generally plays on the right wing, a position currently occupied in Mauricio Pellegrino's side by Nathan Redmond.
Redmond has impressed over the past couple of seasons and with the Toffees lacking options out wide currently, the 23-year-old could be exactly the sort of player they need to broaden their tactics.