This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
Arsenal have pulled out of a deal to sign Loic Remy after balking at the player's wage demands.
Reports suggest that the Gunners had agreed to meet Remy's £8m release clause at QPR.
But the north London club are only willing to offer wages of around £50,000-a-week while Remy wants closer to £80,000-a-week.
Arsene Wenger had wanted to land Remy as back-up for Olivier Giroud next season but he is not willing to be held to ransom over wages to get his man.
Remy is thought to favour a move to Arsenal after being spotted in the crowd against West Brom at the end of last season, and would link up with former Newcastle teammate Mathieu Debuchy at the Emirates.
That could pave the way for Remy to join Liverpool, who are also thought to be willing to trigger the French international's release clause.
It is not clear however whether Liverpool are any more willing to bend to Remy's demands than the Gunners.
Tottenham are also thought to be in contention to land Remy if both Arsenal and Liverpool pass, but it is thought that they would have to pay a higher fee to activate the release clause because they are not playing in the Champions League next term.