Arsenal and Liverpool target Loic Remy is available for a fee close to £8m in the summer, according to Queens Park Rangers manager Harry Redknapp.

The French international has scored 14 times in 26 appearances for Newcastle United this season. His future remains unclear, as he is set to leave Queens Park Rangers, with both Arsenal and Liverpool interested. Redknapp led Queens Park Rangers back to Premier League this weekend with a 1-0 Play-Off final victory against Derby and according to him Remy wants to leave Loftus Road for Champions League football.

“I don’t see [Loic] Remy wanting to come back and play,” Redknapp said. “He’s talking about playing Champions League somewhere.

“I wouldn’t know what he’ll do, but I think he’s got a buy-out clause which is at a reasonable level. Not much more than we paid for him.”

Liverpool will be hoping to sign Remy as a back up to Luis Suarez and Daniel Sturridge, with Champions League football back at Anfield next season they’ll be hoping to sign the former Marseille player.

Meanwhile, Arsenal want to sign the French international to provide competition to fellow countrymen Olivier Giroud. Loic Remy was spotted at the Emirates earlier this month. Arsene Wenger denied he had asked him to attend the game, saying at the time: ‘I hope he paid for his ticket! I did not invite him.’ 

Earlier, Sky Sports confirmed Arsenal and Liverpool have both made enquiries for Loic Remy and that Queens Park Rangers will not stand in the striker’s way of a summer move. Remy has been selected in France’s World Cup squad and any deal is likely to be completed after the World Cup.