The QPR boss is prepared for the Frenchman to depart Loftus Road if another club meet the buyout clause in his contract, with top-four teams linked with his signature
The 27-year-old, who joined Rangers from Marseille in January 2013, spent 2013-14 on loan at Newcastle, where he scored 14 goals in 26 appearances.
|40/1||Loic Remy is 40/1 with William Hill to be the top goalscorer at the World Cup|
Despite Redknapp leading the club back into the Premier League after play-off success over Derby County, the manager admits that the in-demand forward is aiming higher.
"I don't see Remy wanting to come back and play [for us]," he told reporters. "He's talking about playing in the Champions League somewhere.
"I wouldn't know what he'll do but I think he's got a buyout clause which is at a reasonable level - not much more than we paid for him."
Despite Remy's contract set to run for another three years, his exit could help to sustain the Rs' debts, while also helping to decrease the club's wage bill, believed to stand at 128 per cent of the ir turnover.
Suitors for the Frenchman may look to conclude business before the World Cup, though, before he joins up with his country for the tournament in Brazil.