Arsenal are planning a swoop for Loic Remy in the summer, gazumping Newcastle United for his signature, according to the Metro.

The Gunners are in the market for a striker, having failed to secure a proper cover in January. The Frenchman is currently on loan at Newcastle from Queens Park Rangers and will be looking to make his way out of the Championship should the London based club fail to make it into the Premier League.

Newcastle are interested in securing the player's services but the lure of Champions League football is likely to weigh on his shoulders with Arsenal the most likely proponent to provide him with the same.

Remy will join Olivier Giroud from his French national team should he make the move to the Emirates who has been having a tough time off late with regard to his off the field controversies.

The 27-year-old has scored 11 goals and assisted two this campaign for Newcastle and displayed that he is ready to lead the line on his own if the opportunity presents itself.

In an interview in January, Newcastle manager had confirmed that he was ready to sign the player on a permanent basis, but negotiations with the player and his agent have reached a standstill.

"The plan was always that he would be on loan for the year and we had a deal with QPR that that would be the case. We would like to do it permanently but there is a long way until that happens. It is not quite as simple as [meeting his release clause] as the player and his agents need to make sure it is right for the player and we have to honour that," Pardew said.

Meanwhile, Redknapp had warned Newcastle in January that his chance to buy the Frenchman will dwindle in the summer when more clubs come in for the striker.

"I don't know what the deal is. You'd think they'd want to snap him up, wouldn't you? If they don't then someone else will. For what we got him for, he's probably worth double that now. He's scored goals in the Premier League again this year," Redknapp said.