Jan 25
Football | Carling Cup
19:45 Arsenal vs Ipswich Town
Football | Championship
19:45 Doncaster Rovers vs Barnsley
19:45 Portsmouth vs Burnley
19:45 Nottingham Forest vs Bristol City
Manchester United and Liverpool are both reportedly interested but Arsenal are set to pounce first for the son of former England winger Mark Chamberlain.
"We will try now," Wenger said. "We need an agreement with Southampton.
"We need an agreement with the player, and we are not the only ones on the case.
"But we try as hard as we can as I like him as a player."
Father Mark said he would prefer his son to move to Arsenal, hinting that he has a similar level of potential to Walcott.
"Arsenal, with the manager there, the way they play and how they develop players I think they are the ideal choice," he told Sky Sports.
"I am his dad. I've worked with both (Alex Chamberlain and Walcott). They have both got different attributes. Theo has already played 100 Premier League games for Arsenal, played for England and has scored a hat-trick. He's a really good player.