Arsenal have finally made a move to reopen contract negotiations with Theo Walcott.

But the England star ­will not be bullied into rushing a decision.

Boss Arsene Wenger wants Walcott’s contract sorted out ­before Christmas. The forward turned down an £80,000-a-week offer and the Gunners will see whether a compromise can be struck.

Walcott is ­unmoved by Arsenal’s belief they will sign Wilfried Zaha from Crystal ­Palace in January for £12million.

Despite Wenger’s warning and the fact his deal runs out at the end of the season, Walcott is not working to a deadline.

Liverpool will make a bid to sign him in ­January if his dispute has not been resolved.

Manchester City, ­Chelsea and Paris Saint-Germain are also keen and Walcott may keep his options open until the summer, when he will be a free agent.