By Chris Harris

Arsène Wenger has confirmed that Theo Walcott will stay with Arsenal this season.

The England international had been linked with a move away from Emirates Stadium before the transfer window closes after failing to agree a new contract with the Club.

Walcott's current deal expires next summer but Wenger is hopeful of securing the 23-year-old's services for the long-term.

"His situation is simple - he will stay with us and play for us. No [he will not leave this window]," said Wenger.

"Theo has one year to go [on his contract] and that is simple. We have to find an agreement with him on whether to extend the contract or not for a longer period. That is what we want to do.

"I think Theo loves the club. Contrary to what some media have written he is not obsessed by money, there is just a little difference that we hope we can, at some stage, find an agreement with. That is it basically."

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 30 Aug 2012