Now in 17th place in the Premier League, and above the relegation zone only on goal difference, it is clear that much improvement is required from Southampton in the second half of the season, and the signings that they make this month will be hugely important in terms of determining whether they stay up.
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Walcott came through the youth ranks at Southampton and so a switch to St. Mary's would mark a return to his first club in football. A move to Southampton will allow his family to remain in the south of England, where they now reside.
Despite being in his 12th season with the North London club, Walcott still isn't afforded the respect he deserves, but with the likes of Alexis Sanchez and Alexandre Lacazette ahead of him in the pecking order, it is perhaps unsurprising that the England worldwide can't force his way into the team.
"Walcott is a man now, not a young boy", said former Everton star Michael Ball on Twitter.