Premier League duo Arsenal and Tottenham Hotspur have been told that it will take a minimum bid of £16m to sign French striker Loic Remy this summer, by Queens Park Rangers boss Harry Redknapp.
Remy belongs to the Hoops following an £8m move to Loftus Road last January, although he is currently enjoying a successful loan spell back at Newcastle United.
Redknapp was in no position to keep Remy in the Championship this season but has insisted that a permanent move to St James' Park for the French international is far from assured, challenging rival Premier League sides to lodge a summer bid worth double the £8m QPR paid to pull off a transfer coup.
He told The Metro: "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."
The 27-year-old has quickly established his credentials as a leading Premier League striker over the past 12 months, with 10 goals in 18 matches for Newcastle so far this term leading to speculation of a summer move to North London.
Both Arsenal and Spurs are believed to be actively pursuing fresh options in attack, but will have to bide their time to land Remy while he finishes a season-long loan spell with Newcastle.
The Magpies remain in pole position to make Remy's move permanent though, but are yet to open formal negotiations with QPR at this stage.