The 28-year-old has not started a single Premier League game for the Gunners this term but is attracting interest from elsewhere.
"I think you are all aware of our interest in Theo", said Allardyce ahead of Everton's league visit to Tottenham Hotspur on Saturday. (The deal) is permanent, I don't think there's any chance of a loan.
Walcott, a 28-year-old English worldwide, has been at Arsenal since joining the club from Southampton in 2006. But I don't want to give news that I can not confirm. Speaking to Sky Sports, Wright said: "In the current climate, for a young player to go out and do that with Arsenal going through what they're going through now - experienced players wanting to leave, there's no leadership - Arsene Wenger should have made a better stance on this".
Tosun told the club's official website: "I can say that I am a very good and unsafe striker when I am in the penalty box".
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James and Tristan Thompson managed to hit on 9-of-15 from the field in the first half, combining for 21 of the Cavs' 40 points. They just can't seem to find any consistency to their game and trade rumors could start up before the deadline on February 8.
Everton have improved immensely under Sam Allardyce and the club will hope to now secure a top half finish in the Premier League, with Tosun determined to play a part in proceedings.
"Because Arsenal have got to find what we are losing at the moment".
Walcott has scored 108 times in 396 appearances for Arsenal and has 18 months remaining on his deal at the Emirates Stadium.
"We're short of goals, so to add power in our goal-scoring ability would be very important for me if we could negotiate that transfer".
He said, "If that is possible to get over the line I would be delighted but obviously there is negotiations that are happening at the moment. I'll be very excited and enthused when someone, even if it's not Theo, has signed on the dotted line".