Compensation available for Gunners

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The FA insure all players on international duty and up to £100,000 per week can be paid out to clubs by the organisation's insurers.

Walcott, who dislocated his shoulder in training ahead of England's clash with Germany, is unlikely to play for Arsenal for the next four months, according to Arsene Wenger who confirmed Walcott underwent surgery on Thursday morning.

Under the FA's insurance deal, Arsenal could claim £50,000 for the first two weeks Walcott is absent, and £100,000 per week thereafter up to a maximum period of almost two years. If he is out for the predicted 16 weeks, that could mean £1.5million in compensation.

An FA spokesman said: "The FA is one of only a handful of national associations who voluntarily insure our players against injury while on international duty. Almost all foreign international players who play for English clubs will not have been insured in this way."

Gunners boss Wenger also revealed the club have yet to decide whether to pursue compensation.

"I'm disappointed because he is an important part of the squad, but that could have happened in training here," Wenger said. "It was an accident that could have happened anywhere."

He added: "I do not blame the FA for that. It was accidental in training and I accept that.

"In a moment like that you do not think about compensation you think about how you can replace the player."