Southampton are willing to pay up to £15m for Arsenal winger Theo Walcott in January.
According to The Express, Southampton are keen to bring the winger back to his roots and could pay between £12-15m for his services.
The report claims that Arsenal are set to offload Walcott in January and that Southampton are at the front of the queue to sign him.
However, there are a number of clubs that are ready to rival Southampton to his signature.
Walcott is currently struggling to get into Arsene Wenger’s side, having failed to start a Premier League game this season.
The next transfer window does not open for over two months, which means that Walcott has time to break back into the Arsenal set-up and put the transfer rumours to bed.
Southampton have only scored in three of their eight games in all competitions this season.