Liverpool have reportedly renewed their interested in Arsenal striker Theo Walcott.

The England international is yet to sign a new contract at the Emirates Stadium with 15 months remaining on his current deal, and the Reds are monitoring the situation closely, according to The Mirror.

Walcott has struggled to hold down regular first-team football with the Gunners since returning from injury and is said to be frustrated at being frozen out.

Arsenal are believed to be keen to tie the forward down to a long-term deal, with manager Arsene Wenger apparently prepared for lengthy negotiations.

Liverpool have been tipped to pursue Walcott more aggressively if they fail to convince Raheem Sterling to commit to a new contract.