The Frenchman, borrowed from Sky Bet Championship side Queens Park Rangers, has impressed while on loan at the North-East club, bagging 13 goals in 23 games as he tops the club's scoring chart.
His contribution has helped to place the side in a mid-table position, just five points behind sixth-placed Manchester United—a league finish which now includes Europa League qualification.
With the Gunners' faltering strikeforce and reliance on Remy's two compatriots—Olivier Giroud and Yaya Sanogo—Wenger is looking to shore up his forward line with an experienced head, and Remy's exit clause means he fits the bill, as discussed by Moxley:
The France international has a get-out in his agreement that allows him to quit QPR for that figure and the Arsenal boss is poised to pounce. Remy has spent this season on loan with the Tynesiders, jumping ship after the west London team was relegated last term.
Moxley continued, highlighting Arsenal's need for an in-form striker and noting Queens Park Rangers' need to sell:
There are growing signs that Lukas Podolski will not be the answer for Arsenal on a long-term basis and Wenger needs extra firepower. Rangers, who posted £65.4m losses this week, will have little say in the matter once the clause has been activated.
According to the Mirror's Simon Bird, Toon boss Alan Pardew still holds out hope of keeping Remy at the club as he hopes to make the forward's deal permanent in the summer, but he knows he will be in plenty of company to seal his signature:
Of course I want him to stay. I have enjoyed working with him. I have to say he is an easy guy to work with. Most strikers can be difficult in terms of their mood swings, kind of 'out-there' characters, a bit left field. He is quite a sensible guy actually, apart from his dress code - which is definitely left-field. He is an easy guy to manage and he is doing well for us.
Like all strikers, he wants to achieve the best scenario he can for himself. I suspect that will be international football and Champions League. One of those we can cross, and that is international football. He has been in the squad and he will have a good chance between now and the summer of making the World Cup.
Pardew continued, stating the club's need to attract Champions League quality stars but admitting that he wasn't sure on the club's financial power in the transfer window:
We are now in the market for those type of players - Champions League players, or those who can get us there. Therefore you are in the market with all the big clubs and it is difficult. I think we can satisfy those needs in Loic but really and truly that is a question for the summer.
In terms of the financial situation, they are questions I can't answer. I know he loves it here and I know he enjoys working with my staff and it is all about flourishing when you get an opportunity. I don't think he flourished half as much at QPR as he has here. Certainly his stock has gone up quite considerably. Sometimes the grass is not always greener, as we know.
Remy's £2 million loan deal at Newcastle also includes an option to take the striker on a permanent deal at a reduced £7 million price, per The Journal's Mark Douglas, before bids from any other club will be considered by the London outfit.
But at £8 million, and should neither Newcastle nor Remy opt to tie up their agreement, the striker presents excellent value and is well within Wenger's budget, with the Mirror's John Cross tweeting that the Frenchman could be set to spend his £70 million budget in the summer:
But why would Remy make an excellent acquisition for the North London club, and why should Wenger look to bring in the former Lyon and Marseille man?
Let's start with the forward's prowess in front of goal after bagging three goals in his last four Premier League appearances, per WhoScored.com, with just a niggling ankle injury restricting his starting chances since the end of January.
He also made an instant impact to set Newcastle on their way early in the season, with five goals and one assist in his first five games at the club. This made a telling contribution from the start—form that Wenger will hope he can replicate next season as Arsenal look to challenge, once again, for the title.
Remy's pace and trickery also makes him an interesting potential acquisition for Arsenal, and he would offer something different from Giroud's fox-in-the-box style of play, as Remy uses his quick sprint to terrify any Premier League back four.
Next, Remy's contribution up front could see Wenger's men provided with a player who can link midfield to striker, which could provide useful to Arsenal if Podolski's poor form continues and Sanogo fails to take his first-team opportunity.
The 21-year-old has made just two appearances for Arsenal this season. Thrust into the squad due to a lack of options, he has shown glimpses of what the Gunners' long-term future could look like, but at such a raw age, Wenger must look for experience to balance his side if they're to blend a goalscoring partnership next season.
This year has seen Giroud isolated up front and the Londoners heavily relying on the Frenchman's form and fitness to boost their hopes of winning the Premier League title.
But bagging just 12 league goals this season, Arsenal's goal contribution from forwards highlights their need for a proven marksman: Gunners strikers have hit just 22 of the club's total of 52 goals scored this term.
The club have scored fewer goals than any of their fellow top-four competitors, with Liverpool's Luis Suarez and Daniel Sturridge hitting 42 league goals between them, and Manchester City's Sergio Aguero, Edin Dzeko and Alvaro Negredo finding the Premier League net on 31 occasions between them.
This goes to show just how an important top two can improve your side and, with Arsenal's midfield and defence carrying their fair share of goals, the inclusion of a pacy, goalscoring forward such as Remy could offer an excellent outlet for Arsenal to increase their collective goal tally.
Largely relying on midfield, the time is now for Wenger to add a player such as Remy, who could not only provide his own fair share of goals as the club chase title success and silverware but also provide the perfect foil for Giroud, Sanogo and Podolski to increase their own goal tally next season.
Could Arsenal finally return to title-winning ways? And will it be another quick-sprinted French striker, much like Thierry Henry in Gunners' last title win in 2004, who will set them on their way back to top spot?
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