QPR are currently eight points from safety in the Premier League with just seven games left.
According to The People, Arsenal will look to take advantage of a relegation clause in Remy's contract should it be activated.
The Gunners were apparently interested in a move for the Frenchman in January but were deterred by his injury record.
He instead moved to Loftus Road and Arsenal have been impressed with the way he has quickly settled in English football.
The 26-year-old has scored four goals in his seven games since his £8m move from Marseille in January.