Leon Goretzka's form for Schalke has seen him attract interest from Arsenal, their league rivals Manchester United and Manchester City, along with Barcelona and Real Madrid.
Walcott and Wilshere have played just 46 and 65 minutes of Premier League football, respectively, thus far in this campaign.
Arsene Wenger is ready to ring the changes when Arsenal embark on the knock-out stage of the Europa League - knowing Champions League qualification is on the line.
Alan Pardew does not want to lose Jonny Evans in January, although fears his exit with the likes of Manchester City, Arsenal, Everton and West Ham all interested.
Arsenal will hope to avoid those sides dropping down from the Champions League ahead of the last 32 draw in the Europa League.
Theo Walcott, Jack Wilshere and Olivier Giroud all get on the scoresheet as Arsenal run riot against BATE Borisov.
Walcott has not started a Premier League match this season and is on Sam Allardyce's agenda according to recent reports.
Santi Cazorla has suffered another setback in his recovery from an Achilles injury and Wenger is hopeful he will return before the end of the campaign.
Mesut Ozil's agent have been in talks with Arsenal over a new deal for more than a year. However, the Gunners and the German international are yet to reach an agreement.
Nketiah, Macey, Sheaf have agreed new Arsenal deals to follow in the footsteps of youth-team star Joe Willock.
Theo Walcott still has a future at Arsenal and will not be offloaded by the club during the January transfer window, according to manager Arsene Wenger.
Arsene Wenger says it is possible that Arsenal defender Shkodran Mustafi could play against Southampton this weekend after limping out of Saturday's defeat to Manchester United.
Steven N'Zonzi claims his future lies away from Sevilla following a bust-up with Eduardo Berizzo, although insists that he is in London to see his son rather than negotiate a move.
Premier League leaders could bid as much as £50m to convince Arsene Wenger to allow the Chilean to leave in January.
Walcott has not started a Premier League game for Arsenal this season and has had to make do with Europa League and Carabao Cup appearances.
Watford look set to win the race for highly-rated teenage IFK Gothenburg goalkeeper Pontus Dahlberg, who has also been watched by Arsenal, Tottenham and Everton.
Walcott has only played 46 minutes of Premier League football this season and could leave the Emirates after 10 years.
Olivier Giroud has been warned that he has to play more regularly to ensure he remains in Didier Deschamps' plans for the World Cup.
Arsenal suffered a home defeat against Manchester United over the weekend to fall 15 points behind Premier League leaders Manchester City.
Ozil is in the final knockings of his contract at Arsenal and is widely expected to leave at the end of the season.
Mislintat, who arrived from Borussia Dortmund, has taken up the role vacated by long-time head of scouting Steve Rowley.
Antonio Valencia and Jesse Lingard gave a 2-0 advantage to United inside 11 minutes after mistakes by Koscielny and Mustafi.
