The 27-year-old was poised to complete an £8.5 million switch to Liverpool but complications arose during the Frenchman's medical and the transfer collapsed.
Remy has been linked with a move away from QPR all summer, though now appears to be preparing for a season with the West London club as Harry Redknapp has confirmed that the "fantastic striker" will return to The R's squad.
"Loic Remy will return to QPR. He's a fantastic striker," Redknapp said.
Redknapp: "Loic Remy will return to #QPR. He's a fantastic striker."— QPR FC (@QPRFC) July 28, 2014
The QPR manager was speaking at a press conference where new signing Rio Ferdinand was unveiled as a Queens Park Rangers player in front of the media for the first time.
Remy will undoubtedly boost The R's attack after enjoying 18 months in the Premier League already since making his £8 million move to the club in January 2013.
He scored six goals in 14 appearances for the club but did not play a part in their Championship campaign last season as he spent the season on loan at Newcastle.
The former Marseille forward netted 14 goals in 26 Premier League appearances for The Magpies and was linked with a move to Arsenal at the end of the season, after he was seen watching a game at The Emirates.
Though it was Liverpool who activated his release clause, only for the move to fall through as Remy failed a medical.
QPR will be pleased that their striker will play a part for them this season and the side will only be better as a result.
How big a boost in Loic Remy's return for QPR?