Sorry fernand9, the fact that he was asking to paid as if he had come off a season like he did two years back is telling. No one wanted to pay good money for what is (for now) a one season pony. He shot himself in the foot. I'm willing to bet that Milan would have bought him for around the same price last mercato if Wenger was ready to sell him. He wasn't and that is that.
Oh yeah - and since when is 25k A WEEK small money. Walcotts done bugger all to deserve a mega salary. Hell, Fab is only the best paid player because of what he does on the pitch and the impact he has on games. Walcott is no where near that level currently. Watch when Walcott starts to perform blerry well fairly regularly... he will get his just desserts.