Queens Park Rangers manager Harry Redknapp has revealed that French striker Loic Remy will be available for approximately £8million, Daily Mail reports.

Remy has been tracked by Liverpool and Arsenal after impressive performances during his season-long loan at Newcastle United.

The 27-year-old scored 14 league goals in 26 appearances last term and with his loan contract over, is looking to play in Europe’s elite competition.

The former Marseille man signed for QPR back in January 2013 and scored six goals, but it was not enough to avoid relegation.

However the Hoops returned to the English top flight after defeating Derby 1-0 in the SkyBet Championship Playoff final last weekend, but boss Redknapp expects to lose the talismanic French attacker during the transfer window.

“I don’t see (Loic) Remy wanting to come back and play,” said Redknapp. “He’s talking about playing Champions League somewhere.

“I wouldn’t know what he’ll do, but I think he’s got a buy-out clause which is at a reasonable level.

“Not much more than we paid for him.”