Harry Redknapp has issued a warning to Newcastle stating that they may lose out on Loic Remy should they not table a concrete offer for the forward.
The French striker is currently on a season long loan from QPR at Newcastle where he has already scored 10 goals and kept the Magpies in the race for a top four spot.
However, with his form improving by the day many clubs in the Premier League are likely to express an interest in the striker, with Arsenal the prime candidates to make a move once his loan period ends.
The Gunners were interested in the striker before his move to QPR last season but did not make a bid for the forward, somethig which Arsene Wenger is likely to regret given his striking options up front at this stage of the season.
Redknapp, who saw his Queens Park Rangers side slide to the Championship, is unwilling to keep Remy in his books and is open to letting him move on a permanent deal to Newcastle but insists that the Premier League side have to pay double of what they had paid when transferring him from Marseille.
"I don't know what the deal is. You would think they would 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," Harry said.
Meanwhile, Remy has previously expressed his desire to play in the Champion League, a tournament which he regularly featured in with the Ligue 1 club. The 27-year-old has warned the Tyneside club that he will bide his time till the end of the season and decide his future should they fail to make it to Europe's most elite club competition.
"I miss the Champions League. It is a very special competition. Next season I can play the Champions League again. We will see what happens, if I stay here or if we play in the Champions League," Remy explained.