Arsenal are set to rekindle their interest in signing Queens Park Rangers striker Loic Remy, according to the Daily Mail.

The 27-year-old has a £8.5m release clause in his contract and was set to join the Gunners earlier in this ongoing summer transfer window. He had made his desire to play in the Champions League and thus wanted to leave the newly promoted Premier League side.

However, the north London club pulled out of the race as they were unable to meet Remy's £90,000-a-week wage demands. The French international was close to joining Liverpool, only for the deal to be called off after he failed the medical.

Remy is now with Harry Redknapp's side and is yet to find a potential suitor in the final week of the transfer window. Arsenal striker and Remy's compatriot Olivier Giroud picked up a foot injury during his side's 2-2 draw against Everton.

The Daily Mail reports claim that Arsene Wenger was hoping his striker would be fit enough to play the crucial Champions League playoff against Besiktas on Wednesday evening. However, it is now believed that Giroud could be on the sidelines for the next two months.

The first scan did not reveal the extent of the injury and Giroud was sent to undergo another scan. The Frenchman is Arsenal's first choice striker in the squad and injury to him will force Wenger move into the market in signing a striker.

In addition to this, Lukas Podolski's future at the Emirates is also uncertain as he has been constantly linked with a move away from the club. The Gunners are interested in signing Wolfsburg midfielder Luiz Gustavo and the German international could have been included in the swap deal.

However, Wenger could stop sanctioning the sale of Podolski if Giroud is ruled out for months and if he fails to sign a replacement before the deadline day.