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Loic Remy to replace Diego Costa?  Reuters

Atletico Madrid have reportedly approached Newcastle loanee Loic Remy to replace Diego Costa, who according to Spanish reports will move to Chelsea at the end of the season.

Spanish Newspaper El Confidencial reported Costa recently told Chelsea manager Jose Mourinho he wants to join the Blues in the summer, and Chelsea are set to trigger his new £50m release clause to complete the deal.

AS also claim the Spanish giants are already working on the Spanish international striker's replacement, with Remy, on loan at Newscastle by Queens Park Rangers, on top of their shopping-list.

The Spanish newspaper reports that Atletico Madrid officials have already contacted Remy's agent with a transfer proposal.

AS claims that the current La Liga leaders are also keen to meet his €12m release clause, as they consider it a bargain for a player who has scored 13 goals in 22 starting Premier League appearances for Newcastle this season.

Nevertheless, AS said that Remy is yet to decide his future as he also has offers from Tottenham and Borussia Dortmund while Newcastle would also like to secure his services on a permanent deal.

Meanwhile, Remy himself recently confirmed his agent was already examining a number of proposals.

"Clubs are discussing with my agent, I'm open for everything and not necessarily in England. I want to join a great European club, to play at the highest level. Regarding my future, everything is possible, even going back to France. I've played for great clubs in France, like Lyon and Marseille."

At the same time QPR boss Harry Redknapp recently admitted that they are not expected to have Remy back at Loftus Road - even if they are promoted back to the Premier League

"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."