QPR director of football Les Ferdinand has confirmed the club are considering making a new contract offer to Charlie Austin.
Rangers, who want £15m for the striker, discussed a new deal for him last season but accepted he would not re-sign while the club was on course to be relegated from the Premier League.
His departure seemed inevitable once relegation was confirmed, particularly after he won an England call-up.
There is still every expectation that Austin, who recently turned 26, will leave before the start of the new season.
However, amid speculation linking him with several clubs, particularly Newcastle, QPR have not had any enquiries since rejecting a bid from Leicester – the first approach they had received for Austin despite numerous reports of interest.
Austin has a year of his contract remaining, having signed a three-year deal when he moved to west London from Burnley in 2013.
By not signing an improved contract, he missed out on a substantial pay increase.
Rangers believe another offer to Austin could address this while still leaving the door open to an eventual move and, crucially, protecting the club from potentially losing him for a knockdown fee in January or no fee at all were he to see out his current contract.
“It’s something that we’re considering at the moment,” Ferdinand said.
“Then we’d have put the ball back in Charlie’s court in terms of what he wants to do.”
Austin scored 18 goals last season and has netted a total of 36 in his two years at QPR.
On Thursday afternoon a number of bookmakers suspended betting on him signing for Newcastle, but on Friday morning the Magpies had still not made an approach.
But Ferdinand added: “We all understand the situation – we’re not naive.
“After what he did last season, whether you have a two, three or four-year contract, if you score 18 goals in the Premier League there are people looking for British-based players.”