Remy, 27, enjoyed a fruitful season with Newcastle United last term, scoring 13 goals for the Magpies before his loan spell ended, sending the former Marseille man back to QPR. His exploits unsurprisingly attracted interest from elsewhere, and Arsenal were hoping to make the France international their second summer signing after completing a blockbuster deal to sign Alexis Sanchez from Barcelona.
Yet reports over the weekend suggested that the deal was on the verge of collapse after Remy asked for wages of £80,000 per week - which Arsenal weren't willing to pay. If the Gunners now choose to abandon the deal for Remy, here are five alternatives who could still offer some pace up front - after all, that's what Remy was being targeted for.
Alexandre Lacazette, Lyon
Remy's compatriot Lacazette scored 17 goals for Lyon last season, and has attracted interest from the likes of Liverpool and Newcastle, as well as the Gunners. The Ligue 1 side are believed to value the 23-year-old at around £16m - twice as much as Remy - but given that he's younger and is coming off his best season to date, that's understandable. The French international has a bright future ahead of him, and certainly has the pace to trouble defences in behind.
Alexandre Pato, Corinthians
The man who should've been up front for Brazil at this summer's World Cup has a real point to prove after injuries ravaged his career to date. The 24-year-old was a star with AC Milan in the time that he managed to stay fit, and Arsenal had a £6.6m bid rejected for him in 2013. Now angling for a move back to Europe, Pato is exactly the sort of player that Arsene Wenger would gamble on, but he would have competition from Inter Milan for his signature.
Jackson Martinez, Porto
Whilst not as pacey as Lacazette or Pato, Martinez still offers more of a threat in behind defences than Olivier Giroud does. The Colombian, 27, has been linked with a £30m move to Arsenal after hitting a stunning 60 goals in 90 games for Porto, and he has all the physical attributes to play up front on his own in Arsenal's system. Athletic and potent in front of goal, Martinez would be the most expensive option here.
Divock Origi, Lille
After an impressive World Cup, 19-year-old Origi has become one of the hottest young players around. Liverpool have been strongly linked with a swoop to sign the Belgian international, but the Lille youngster is taking time to decide his next step. With the pace to really trouble defences - as we saw against the United States in Brazil - Origi would be another great prospect for Wenger to develop. For only £10m, Origi could be a bargain, given time.
Wilfried Bony, Swansea City
Another reported Liverpool target is Swansea City hitman Bony. The Ivorian scored 18 goals in his first season for the South Wales club, but after Garry Monk's side snapped up Lyon's Bafetimbi Gomis, Bony seemed set for a move elsewhere. Regardless, the Swans want somewhere in the region of £19m for the former Vitesse Arnhem man, and whilst he isn't as pacey as the players mentioned above, he has great athleticism that lends itself to playing as a lone striker.