The Rs manager does not believe the Frenchman will leave the club on loan, for Newcastle or anywhere else, because it doesn't make financial sense for the Championship side
However, Redknapp insists that a loan deal is not on the agenda, highlighting the Championship side's desire to recoup close to the £8 million they paid Marseille for him midway through last season.
"I don’t think he [Remy] will go on loan," he told The Independent.
"I can’t see any sense in it. I don’t know why we’d pay £8 million and then loan him out.
"If he was to go, someone will have to pay for him. He has a buy-out clause, and we want our money back."
Remy has a release clause following QPR's relegation from the Premier League, and the former Tottenham boss - who bolstered his forward line with the signing of Charlie Austin on Thursday - is adamant that a fee must be paid if the 26-year-old is to leave the club.