Here's the breakdown:
* "Le" is a formal, singular object pronoun (like "him" or "her").
* "queremos" means "we love" or "we want" (in the present tense).
* "much" is an adverb meaning "very much" or "a lot".
The correct phrase, depending on the intended meaning, would be:
* "Le queremos mucho": This means "We love him/her very much."
* "Lo queremos mucho": This means "We love him very much." (using "lo" for the masculine singular object pronoun).
* "La queremos mucho": This means "We love her very much." (using "la" for the feminine singular object pronoun).
The most likely meaning is that the speaker wants to express strong affection or love for someone.