The England international’s contract situation has led to inevitable speculation linking him with a move away from north London, with Walcott’s current Gunners deal set to expire next summer.
Walcott, 23, has been touted as a possible target of the likes of Serie A champions Juventus and Liverpool over the past few months.
But Wenger insists he still intends to keep the forward, who scored a hat-trick in Arsenal’s breathtaking 7-5 win at Reading in the Capital One Cup on Tuesday, at the Emirates Stadium.
“There is urgency but how much I don’t know. We will want to sort it out before Christmas, one way or another,” Wenger told a news conference on Thursday.
“I wouldn’t like to [sell him in January]. I still think we will manage to do a deal with him.”
Wenger added: “I always said that it is important that he plays in the right position. He will play through the middle in the future and he showed that again on Tuesday night. He should be more dedicated to offensive work.”
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