The 28-year-old Arsenal striker is unable to break back into the first team and speculation is rife that Walcott will leave the Emirates this transfer window.
Southampton lead the way with odds of 1/3 on for Walcott to return to his first club but face stiff competition from West Ham, Everton and Newcastle United.
However, Italian newspaper Corriere dello Sport claims that Walcott’s representatives contacted the Rossoneri and proposed Walcott join them. While he is cup-tied for the Europa League, the Arsenal man would bring depth to their Serie A campaign.
With places up for grabs in Gareth Southgate’s England squad for the World Cup finals in Russia, Walcott is acutely aware that he could miss out another major tournament if he is not playing regular first-team football.
After travelling to Germany in 2006 as a 16-year-old, Walcott missed out on the 2010 finals when Fabio Capello chose Aaron Lennon and injury ruled him out of Brazil 2014. This year may represent his last chance of playing for England in the World Cup finals.
Southampton and West Ham are both keen to secure Walcott’s services but the player is understood to favour a move to the continent as his next career move.