Arsenal and Liverpool are the last two clubs left in the battle for Loic Remy after Spurs pulled out of the race last night.

Advisers for the France international, 27, have made it clear that he wants to play in the Champions League next season.

Spurs, in next season's Europa League, will not try to get him change his mind. The north Londoners indicated on Thursday night that they had ended their interest in the QPR striker.

Sources close to the club are also claiming that Tottenham are no longer keen on another player of interest to Liverpool, Swansea striker Wilfried Bony.

MirrorFootball revealed last week that Bony, 25, is desperate for the Reds to trigger the £19million release clause in his contract with the Welsh club.

Prior to Arsenal's £33million signing of Chilean striker Alexis Sanchez, Gunners chief executive Ivan Gazidis held informal talks over Remy with Rangers' CEO Philip Beard.

Since Sanchez's signing there has been no further push for Remy with sources claiming that the club's interest in has cooled.

The player, however, is still holding out for the chance to move for a top-four club. And Liverpool are not yet out of the race for his services either.