Walcott has not started a league outing for the Gunners since the switch to the 3-4-2-1 formation, and his future more or less looks away from the Emirates with his England World Cup hopes fading away with each game.
The 28-year-old has fallen down the pecking order at the Emirates and has featured only 10 times across all competitions so far this season, playing a meagre 46 minutes of Premier League football.
Everton have reportedly made enquiries about signing Theo Walcott from Arsenal in January. The England worldwide has been sparingly used by the Frenchman this term with most of his playing time coming in the Cup games.
The two could now be reunited on Merseyside with Walcott seemingly surplus to requirements in North London after falling out of favour with Arsene Wenger, who has been preferring £52 million summer signing Alexandre Lacazette up front, flanked by the likes of Alexis Sanchez, Alex Iwobi and Mesut Ozil, this season.
Olivier Giroud is aware he needs game time ahead of the World Cup next summer
However, the attacker has been in and out of Arsene Wenger's starting lineup in North London for several seasons now, with injuries and the presence of more consistent stars having made life hard for Walcott in the English capital.
Walcott arrived in North London as a 17-year-old back in 2006, from Southampton.
The winger joined the Gunners 11 years ago from Southampton in a deal worth £12m but he has failed to live up to the huge potential he had as a teenager.
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