As reported on Saturday, Fabregas - who has been sidelined since December with ligament damage - has been tipped to return against Luciano Spalletti's side at the Emirates Stadium on February 24 by his doctor.
While winged wonder Walcott, who has been out of action since injuring his shoulder on international duty in November ahead of England's friendly against Germany, believes he could also be back for the clash against the Romans.
"I am nearly there and hopefully I will be back by the end of this month," he told the club's official website.
"I am doing a lot of rehab work now with the shoulder, landing on it and also in the gym with a lot of weights to build the muscle strength back. Obviously I do not want to do it again, so I have got to be 100 percent fit."
And the former Southampton forward believes the shoulder problem has been passed down to him from his father, who also suffered from a similar complaint.
"My dad had an operation on his right side as well," he said. "And when I had my left side done they did a scan on my right and said that something might have to be done at a different stage.
"So actually it is good that it has come when I am young, and hopefully now it will be as strong as anything."
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