Wage demands see the Gunners pull out.
Liverpool have been cleared to sign Queens Park Rangers striker Loic Remy after Arsenal pulled out of the race because his wage demands were too high, according to the Metro.
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The Gunners were widely expected to sign Remy this summer as they look to add back-up to leading frontman Olivier Giroud.
However, reports close to the north London club have claimed that despite an £8m fee being agreed with the west London outfit Arsenal have abandoned any hope of bringing him on board because he has refused to drop his £80,000 per week wage demands.
It is believed that Arsenal were hoping to pay him around £50,000 per week, but he is now looking to move elsewhere as they declined to meet his demands.
Liverpool were also keen on landing his signature, and now appear to have a clear run at landing him as the two Premier LEague sides were the only two in the running.
A clause in the striker’s contract mean he could move to a top four club for just £8m, but any other interested team would have to pay £12m.
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