Arsenal are finally poised to launch their bid for Loic Remy, who is currently on international duty with France at the World Cup in Brazil.
With the 27-year-old's future almost certain to lie away from Queens Park Rangers, here are some possible candidates to fill the boots of the outgoing striker:
Defoe is a player who Redknapp knows well. The England international came through the West Ham United youth academy under the tenure of the 67-year-old and has since followed Redknapp in his managerial endeavours at Tottenham Hotspur and Portsmouth.
Defoe made a move to the MLS less than six months ago signing for Toronto FC, and it could require a sizeable fee to persuade the Canadian side to allow the 31-year-old to switch back to the Premier League. The striker is reported to be earning a whopping £90,000 per week in the MLS, meaning that matching personal terms could put further strain on QPR's notoriously high wage bill.
But Defoe boasts a prolific scoring record at Premier League level with over 100 goals to his name, and for this reason Redknapp may consider reuniting with his former player incredibly low risk despite his high wage demands.
Crouch is another player who Redknapp is very familiar with. The 6'7" striker first worked under the 67-year-old at Southampton in the 2004-05 season in which the club were relegated from the Premier League. Since then, Crouch has followed Redknapp to both Portsmouth and Tottenham where he regularly partnered Defoe in what looked a useful striking partnership.
The 33-year-old has enjoyed three successful seasons at Stoke City scoring 25 goals in 100 league appearances for the Potters. But Crouch could yet be tempted away from the Britannia Stadium, especially if he is offered one last chance to work alongside a manager who has held him in such high regard throughout his career.
QPR fans will have fond memories of Crouch, who spent one season at Loftus Road in 2000-01, scoring 10 times in the process.
Redknapp may choose to reignite an interest in Serie A-based striker Ishak Belfodil. The 22-year-old was linked heavily with the club during the January transfer window, but complications regarding his co-ownership between Inter Milan and Parma eventually prevented a deal from being done.
The Algerian striker has struggled to settle at any one club and enjoyed his best season in Serie A while at Parma in 2012-13 scoring eight goals. Belfodil spent the majority of last season on loan at Livorno, but failed to find the net once during his spell as the Italian side were relegated to Serie B.
At 6'3", Belfodil could offer an imposing physical presence to Redknapp, but his lack of recent form suggests that signing the striker would be a big risk for QPR.