Arsenal forward Theo Walcott will hold talks over a new contract next week.

And the discussions will prove pivotal in how strenuously the Gunners pursue Liverpool forward Raheem Sterling this summer.

Walcott is entering the final 12 months of his deal and discussions over an extension will start after the FA Cup final.

Arsenal forward Theo Walcott will hold talks over extending his deal with the club following the FA Cup final

The England star's preference is to stay at the Emirates Stadium but his current lack of game time is a concern for Walcott.

Walcott's current deal is worth £90,000 per week, but next week's talks will not centre around money, rather how the 26-year-old fits into Arsene Wenger's long-term plans.

Walcott has cut a frustrated figure in recent months, spending long spells on the bench.

But, with a Wembley date against Aston Villa just days away, he fired a timely reminder to Wenger last weekend, scoring an excellent hat-trick in the win over West Bromwich Albion.

Walcott wants assurances over his place in the team and scored a hat-trick against West Brom on Sunday

However, if assurances over his role in Wenger's blueprint are not forthcoming then Walcott may have a difficult decision to make.

If both parties agree it is time for Walcott to move on then Arsenal will look to press ahead with their interest in Sterling.

The Gunners have a firm interest in the Liverpool forward but have prioritised strengthening other areas of the pitch given their vast options in attack.

Arsenal will look to move for Liverpool's Raheem Sterling if Walcott leaves the Emirates

But Walcott's potential exit may prompt the Gunners into solidifying their interest in Sterling, who grew up in London.

Manchester City's finances mean they are firm favourites to land Sterling, who is refusing to sign a new deal, this summer.