Remy, 27, is currently enjoying a fruitful season at St. James' Park, where he has hit 13 goals in 23 league games for the Magpies, but he is only on loan - prompting interest from a number of other Premier League clubs.
The former Marseille man joined QPR in January 2013 after Harry Redknapp paid £8m to bring him to England, but their relegation left them unable to afford to keep the French international, and he unsurprisingly left West London for a move to Newcastle, who he turned down in order to move to Loftus Road.
But it seems that Newcastle won't be able to afford Remy, with his stock soaring ahead of the summer transfer window, where he will be hot property.
With the Magpies struggling to find the funds to buy Remy - and an obvious desire to test himself in European competition - Remy could find himself playing for another Premier League side, with Arsenal allegedly looking at bringing the striker to North London to compete with his international team mate Olivier Giroud in the Gunners attack.
But whilst Arsenal's title bid is seemingly falling apart, their move for Remy could also hit the buffers - as top four rivals Everton are now reportedly looking into the possibility of signing Remy for £10.5m this summer as they look to find a replacement for Romelu Lukaku.
Lukaku's loan deal from Chelsea will expire at the end of the season, and it seems that Roberto Martinez's men will be unable to secure a permanent deal for the Belgian international, leaving Martinez to consider other options - and reports today suggest that Remy is on his list of targets.
The Toffees have a great chance of pipping Arsenal to the fourth and final Champions League place, and beating them to a signing like Remy would once again show the progress Everton are making.