Theo Walcott could be offered in a deal for Manuel Locatelli
Walcott has made 40 appearances in all competitions this term for the Gunners but has been forced down the pecking order since the emergence of Alex Iwobi.
The winger hasn't started a Premier League game since the 3-2 defeat to Manchester United in February and is now playing second fiddle to the 19-year-old.
The report claims the two clubs have been in contact recently to discuss a deal for 18-year-old midfielder Manuel Locatelli and used the opportunity to also bring up Walcott's future.
The Arsenal winger is said to be being lined up as a replacement for Jeremy Menez who is expected to leave the Italian club in the summer.
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