Liverpool recently pulled out of a deal to sign the Frenchman, claiming that he had failed his medical, but the Magpies are reportedly still monitoring the 27-year-old, who spent last season on loan at St James' Park.
Alan Pardew is said to be looking at either Remy or Alexandre Lacazette, with Newcastle already having signed seven players this summer.
Should Remy leave Loftus Road, Harry Redknapp would be left with just Charlie Austin and Bobby Zamora as his senior strikers.
Fulham boss Felix Magath has insisted that signing Kostas Mitroglou in January was a mistake.
Magath says it was the wrong decision to sign Mitroglou in Jan. Says striker is not used to English football #ffc— Jacob Murtagh (@jacobmurtagh) August 8, 2014
The German also confirmed he expects goalkeeper Maarten Stekelenburg to leave the club this summer.
Meanwhile, midfielder Scott Paker has revealed that promotion is the 'minimum objective' for the Cottagers this season.
“The manager, Felix Magath, has told the squad that promotion is the minimum objective," he told the Evening Standard.
"We want to get back into the Premier League, where this club deserves to be, as quickly as we can. The aim is going up as champions but we will not take anything for granted.”