The north Londoners will sanction an £8m deal for Remy.
QPR striker and current Newcastle United loanee Loic Remy is the subject of interest from Arsenal, who are prepared to meet the Frenchman’s £8m release clause, according to the Mirror.
The 27-year-old has been impressing on Tyneside this term, with 13 Premier League goals in 23 appearances for the Magpies.
Remy arrived in England from Olympique Marseille in January 2013 for £8m, scoring six times in 14 games for the Hoops before they were relegated to the Championship.
Newcastle are keen to sign the France international themselves, but if the choice is between the north east club and the Gunners it’s likely the side playing Champions League football will win.
QPR meanwhile have reported losses of £65.4m this week and are said to be spending more on players’ wages than Bundesliga giants Borussia Dortmund and therefore could do with any financial help they can get.
Arsene Wenger is keen to make some attacking recruitment in the close season, with Olivier Giroud, Nicklas Bendtner and Yaya Sanogo the only recognised strikers at the Emirates Stadium.
Check out the 10 worst Arsenal flops of the Premier League era.
Bendtner is likely to be sold in the summer and whilst Lukas Podolski and Theo Walcott can also fill in upfront, at least one new forward is required.
Remy would be a pleasing arrival as the French star possess proven scoring ability at the top level of domestic and international football and is also used to the English style of the game.
For the north London side the outlay would be far less of a gamble then for other names the club have been linked with and would help adhere to their sensible financial restrictions.
Remy has 21 caps for Les Bleus and although generally operates as a No.9, has the pace required to also play on the wings.
Read more Arsenal transfer news.