Arsenal boss Arsene Wenger

Arsenal boss Arsene Wenger insists he will not deviate from the club's economic policy as discussions continue over a new contract for Theo Walcott.

Walcott has yet to agree a new deal, but Wenger remains confident a compromise can be reached to keep the England forward with the Premier League club past the end of the season.

Structure

With figures of around £100,000 a week being touted as the going rate to secure the 23-year-old's signature, Arsenal are likely to have to push the boundaries of their wage structure to seal the deal, reports futaa.com.

Wenger is prepared to loosen the purse strings to a certain extent to make sure another key player does not leave, but only as long as the financial commitment does not put an excess strain on the well-managed club's coffers.

Model

“As long as the economical balance is respected and you pay the people who work for the club with the resources you created, it makes economical sense. That's why I always defend our model.”

He said: “We get something that makes sense and that is defendable in front of every single player.”