Arsenal may see another of their transfer target snapped away from them after Lewis Holtby joined Tottenham as the Daily Express claims that Atletico Madrid are looking to table a £12 million bid for Barcelona striker David Villa who has looked headed to the Emirates but the Catalan giants could accept Atletico’s offer dousing any hopes of Arsene Wenger bringing in a special talent in January.

Theo Walcott is set to ink a new £90,000-a-week deal with Arsenal according to The England international will put an end to one of the longest running contract sagas of the season and agree on a new 4 year contract with the Gunners.

Arsenal have been passive in the January transfer window despite all the rumours, and have now been linked with Anderlecht midfielder Lucas Biglia as the Independent reports that Arsene Wenger is monitoring the player valued at £8 million to bolster his midfield which has looked fragile in the absence of a genuine defensive midfielder since the departure of Alex Song in the summer.

The Daily Mail reports that Arsenal have been offered Napoli striker Eduardo Vargas on loan after falling out-of-favor in Naples which would strengthen rumors linking the Gunners with the player as an additional option in attack.


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