Last updated on .From the section Football

Arsene Wenger is confident Theo Walcott will remain at Arsenal, insisting the winger is not motivated by money.

quote He is not obsessed by money. I think Theo loves the club Wenger on Walcott

The England player, 23, indicated he could leave by rejecting a five-year deal worth £75,000 a week.

But Wenger believes there will be a resolution and Walcott, with one-year left on his contract, will stay.

"He is not obsessed by money," said the Gunners boss. "There is just a little difference. We want to extend his contract. I think Theo loves the club."

Further talks are planned in the weeks ahead, with both parties having made a commitment to work towards a resolution.

Walcott, who played for England in Euro 2012, joined Arsenal from Southampton for £12.5m as a 16-year-old in 2006.

He has scored 42 goals in 222 appearances and won 28 England caps during his time at the club.