Date: 17th January 2013 at 3:11pm
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Rumours has been drifting around the interwebs for a few weeks that Theo Walcott is set to sign a new improved deal with the club, likely to make him Arsenal’s highest paid player. Arsene Wenger has been making more positive noises too and in today’s press conference, he seemed to confirm that the situation was near resolution.

Theo is legally free to negotiate with clubs on the continent and will be available on a Bosman free transfer come June, but Wenger said the club were nearly there, ‘I was scared at some stage, yes, that he could leave because it is like that with the experience I have in negotiations,’ Wenger said at Thursday morning’s press conference ahead of the game at Chelsea on Sunday.

‘When things last too long, it is never a good sign.

‘In that case, it took us some time to get where we want to get.

‘It is still not finalised, but hopefully it will be done by this weekend.

‘There is a possibility. My optimism is at 99 per cent now.’

Meanwhile, Wenger hinted that he had some irons in the fire on the transfer front too, ‘We are looking at him [Wilfried Zaha], but at the moment we have not made any bid for him,’ Wenger said.

‘I don’t know if Manchester United are in for him.

‘Anyway, if you call any club for any player, they will tell you Man Utd, Milan, Real Madrid are as well in for him, but it is always difficult to know if it is true or not.’

He also suggested a big bid for Napoli’s Edison Cavani was under consideration, ”I like him as a player,’ said Wenger. ‘Will he cost a lot of money? That’s for sure. Nobody would deny that.

‘Our banker lives just next to me at the moment and he is ready if we find the right player.’

Though Wenger is happy to play a waiting game as January draws on.

‘The prices go always up at the start of the transfer market and go down in the last week. Sometimes as well they go up in the last week, but it depends,’ he said.

‘Most of the time they go down in the last week and you know as well that 90% of transfer activity happens in the last week if not in the last 48 hours.’