Redknapp, who was speaking after Tuesday's 1-0 FA Cup third-round replay win at West Brom, said Remy will complete an £8million transfer after passing a medical and agreeing personal terms and revealed he is also confident of sealing a £7million deal for Rennes midfielder M'Vila in the next couple of days.
The pair are expected to go straight into the Rangers squad for the weekend Barclays Premier League clash with West Ham.Redknapp said: "Remy had a medical today and the personal stuff is all sorted.
"I watched him so many times when I was at Tottenham. The fee then was around about £20million. He's a good buy for us.
"It's all done, all sorted. I didn't think we'd get him. I went to see him at Marseille last week and he wasn't keen but the chairman Tony Fernandes worked ever so hard. He wouldn't give up and the boy decided to come.
"He's quick, a French international, his movement is excellent and he has the potential to be a real star in the Premier League.
"Newcastle United wanted him and Graham Carr (chief scout) doesn't make too many mistakes. Graham's got good judgement."
As regards M'Vila, Redknapp said: "I also liked M'Vila when I was at Tottenham.
"He's 22, played against England a couple of years ago for France, and was fantastic.
"They (Rennes) turned down £28million from an English club for him a year ago. Spurs offered £15million for him in August. The deal looks okay.
"M'Vila's had a few off-the-field problems. If he behaves himself, and plays as we know he can, he'll do well."
M'Vila is currently banned from international duty until June 30, 2014 after he and four team-mates broke a curfew to visit a Parisian nightclub just days before a key game with the Under-21 side, against Norway in the European Championship play-offs in October.
Redknapp is also still hopeful of signing Tottenham midfielder Jake Livermore on loan and has not ruled out renewing his interest in West Brom duo Jonas Olsson and Peter Odemwingie.
Neither of the duo started Albion's 1-0 defeat at the hands of QPR in an FA Cup third round replay at the Hawthorns this evening.
A second-half goal from Jay Bothroyd secured Rangers a home tie with MK Dons in the fourth round.
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