Walcott is open to a move, especially given it's a World Cup year and he wants to spend as much time on the field as possible to enhance his chances of getting into the England squad, and make sure he gets his fitness and form up to scratch. Steve Walsh was first to watch Cenk, he informed Sam Allardyce who was impressed.
The Toffees and his former club Saints have both held talks with the Gunners about the England worldwide who is open to leaving this month. He was Arsenal's second-best goal scorer, sandwiched between Alexis Sanchez and Olivier Giroud.
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Everton and Southampton have both been linked with the player but it now appears that the Toffees are leading the race.
There are reports that Walcott would cost somewhere in the region of 20 million, it was earlier suggested that Arsenal are holding out for £30 million for their forward. Everton endured a disappointing start to the year after a big-spending summer, and parted ways with manager Ronald Koeman. They are looking for attacking players and Walcott fits their bill for one.
Arsene Wenger spoke to the media and said that he wants him to stay, "yes", he said when he was asked if he told Walcott as if he wants the England global to stay.
Everton are expected to pay in the region of £25 million for Walcott despite the Gunners' reluctance to part with him after nearly 11 years.
In the end, everything depends on Arsenal and their plans in the current window.
Everton hope that an offer in the region of £20m will be enough to tempt Wenger into selling, while they are also ready to match Walcott's £110,000-a-week Arsenal wages.