Arsenal are willing to make Theo Walcott among the club's highest paid.
The Mirror says Walcott is set to become one of Arsenal's super-earners after opening talks over a new contract.
He has already begun negotiations that will put him in the Gunners' top pay tier with Mesut Ozil (£140,000-per-week) and Alexis Sanchez (£130,000).
Gunners boss Arsene Wenger yesterday confirmed that talks are under way as Walcott's current £90,000-a-week deal expires in summer 2016.
The contract talks with Walcott follow a wave of new deals for Arsenal players, including Olivier Giroud, Mikel Arteta and Laurent Koscielny.
