According to several top UK bookmakers, Liverpool are currently 9-2 favourites to sign Walcott, ahead of Chelsea (16-1) and AC Milan (20-1). The odds are changing regularly though, with the Reds and Manchester City trading places at the top.
The 23-year old's contract runs out next year, and Liverpool manager Brendan Rodgers has already about the possibility of a deal, but is yet to hear anything back from Arsenal, who are allegedly 'willing to enter negotiations with both Liverpool and City'
One thing in the Reds' favour is that £15m-rated Walcott is a huge Liverpool fan, as he revealed in an interview a couple of years ago. He enthused:
"I was a Liverpool fan simply because my dad followed them. Unfortunately I wasn't born when the team had their golden era, but I enjoyed watching the likes of Michael Owen, Robbie Fowler and Steve McManaman when I was growing up. When Liverpool won the Champions League I went mad. I was shouting so loud I think I woke up the entire village where I live!"
I'm not a huge fan of Walcott but his end product over the last two season was far superior to any of Liverpool's attacking midfielders:
* Last season: 11 goals and 10 assists in 48 apps (43 starts)
* 2010-11: 13 goals and 13 assists in 47 apps (34 starts)
Walcott is a goalscoring attacking midfielder, and Liverpool need that type of player, but his wage demands would probably be too excessive, and IMO, the club should spend any remaining transfer funds on a striker.
Should Liverpool make the signing of Walcott a priority?