Remy - who has scored 13 goals in 23 appearances for the Magpies - signed for QPR in January 2013, but failed to keep Harry Redknapp's side in the Premier League. In August 2013, Newcastle confirmed they had completed a season-long loan deal for the French international, with QPR's return to the Premier League expected to be swift.
After impressing in the top tier of English football, Remy has announced his intentions to leave QPR - whilst also deriding his current employers Newcastle - in the search of Champions League football.
When discussing the chances of keeping Remy, Harry Redknapp seemed content with letting the striker leave and further his career, telling the Fulham Chronicle: “Remy wants to play Champions League football next season, so they tell me. The chances of us keeping him are not great if he's got a buy-out clause.
“He’s done well at Newcastle, and one or two other big clubs are trying to get him, so there’s every chance he will go.
“I chased him at Tottenham, and I knew he would do well.
“He’s a scorer, and with the right team pushing to get in the top four, he’s capable of getting 20 goals. If I say he’s worth £20m, and his buy-out clause is £10m or whatever, then it’s difficult.”
Although it removes a player of high quality from QPR's already strong side, it is unlikely Remy would choose to stay if Redknapp fails to achieve promotion this season.
The one benefit from the sale of Remy would be the fee received; although Redknapp claims a £20 million fee is acceptable, he understands that the £10 million release clause - and the removal of Remy's rumoured £75,000 per week wages - would help ease the huge debt that surrounds the club. Reported debts of £177 million saw owner Tony Fernandes take out a £27 million loan with Barclays - the second in a year.
Although the fee for Remy would only ease a small portion of the debt, it would also suggest a desire to cut down outgoing costs, and prepare the club for any Financial Fair Play investigations that appear to be heading their way.
Is Loic Remy good enough for the Champions League?