The 28-year-old has actually invested more than 12 years with the Gunners however has actually slipped out of the first-team photo this season and cannot impress last weekend when making an unusual look in the 4-2 FA Cup third-round loss at Nottingham Forest.
Allardyce has actually currently signed striker Cenk Tosun from Besitkas for ₤ 27million this month however has actually offered Ross Barkley to Chelsea.
The Toffees manager stated Walcott, who is likewise being related to a go back to Southampton, would be a “wonderful addition”, who would provide a “goalscoring risk”.
He included: “I do not believe there’s an opportunity of a loan. It’s not impending however settlements are going on.
” I do not get positive otherwise I get dissatisfied. I’ll be enthused and really thrilled when somebody, even if it’s not Theo, has actually signed on the dotted line.
” He’s scored 100 objectives for Arsenal from broad positions. His rate is an essential strength which we do not have. To include objectives would be extremely important for me and he’s just 28.”
Walcott has actually scored 108 objectives in 395 video games for Arsene Wenger’s side however has actually just made 5 quick alternative looks in the Premier League this season.