Remy was on loan at Newcastle last season and the club were keen to sign him, but Arsenal are heading the race.
The Frenchman has yet to start in the World Cup this summer, but due to his contract terms, it does not matter if he scored a hat-trick in the final ... the asking price would remain the same.
The Gunners are ready to trigger the £8million clause in the Frenchman’s contract.
Newcastle could offer the same, but Remy wants to play in the Champions League this coming season.