Arsenal are closing in on signing Loic Remy from Queens Park Rangers this summer, according to the Mirror.

The French international spent the last season on loan at Newcastle United after QPR were relegated to the Championship. During his time with the Magpies, the 27-year-old netted 14 goals in the league.

Remy is set to leave his current employers and newly promoted Premier League club's manager Harry Redknapp has admitted defeat in keeping the £8m French international at Loftus Road.

Tottenham are also in the frame to sign Remy this summer. However, the Hoops star is keen on making a switch to the Emirates. The report claims both Arsenal and QPR are close to reaching an agreement, but the Gunners are yet to agree personal terms with the player.

The north London club's manager Arsene Wenger relied on Olivier Giroud to lead Arsenal's strike force last season, despite having Yaya Sanogo and Nicklas Bendtner as the other two players in the squad.

The Danish international was released from the club after they decided not to hand a new deal. With that, Arsenal have French duo Giroud and Sanogo as the only strikers in the squad.

Arsenal are edging towards sealing a deal for Alexis Sanchez as the Chilean international is no longer required at Barcelona. Despite the potential arrival of Sanchez, Wenger is keen on adding Remy to bolster his side's attacking division for the next season.

The French striker had earlier expressed his desire to play in the Champions League and a move to the Emirates would help him fulfil his dream.

"Clubs are discussing with my agent, I'm open for everything. I want to join a great European club, to play at the highest level," Remy said.

"Regarding my future, everything is possible, even going back to France. I've played for great clubs in France, like Lyon and Marseille," the striker added.

Meanwhile, the former Tottenham manager has also confirmed Remy is keen on playing in the Champions League next season.

"Remy wants to play Champions League football next season, so they tell me. The chances of us keeping him are not great if he's got a buy-out clause," Redknapp stressed.