EXCLUSIVE: Walcott being sent out on loan

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Sportsmail can reveal that a number of Barclays Premier League clubs were contacted yesterday about the prospect of taking the 18-year-old until the end of the season.

Running out of time: Theo Walcott's days at Arsenal are numbered

Arsenal boss Wenger claimed his side's Carling Cup defeat had shown him 'who was not ready for the first team' and Walcott could be one of the casualties before the transfer window closes.

Although Wenger maintains that Walcott, who cost £13million as a 16-year-old, can still develop into a top-class striker, his patience snapped after he failed to make an impression in the semi-final second leg at White Hart Lane.

Walcott had scored in the Emirates leg, but defender Ledley King subdued him in the return and he was finally substituted in the 65th minute.

His confidence has been shattered in recent weeks, but at times he has threatened to emerge as a genuine force in the first team. He looked the part and scored twice against Slavia Prague in the Champions League, but he was on the bench at Liverpool.

Wenger criticised the former Southampton striker last week saying: "He is not where I would like him to be."

He underlined his point by leaving him out of the squad at Fulham. Walcott has struggled to live up to expectations since signing and a loan may suit all parties.

A stumbling block may be his starting position. One of the Premier League clubs contacted want him to play on the right wing, but Wenger will insist he starts up front.