QPR are yet to receive an approach from AC Milan despite reports the Italian club are interested in Adel Taarabt.
Milan are said to be in discussions with Fulham, where the Moroccan is on loan, about a supposed swap involving defender Cristian Zaccardo.
However, any move for Taarabt would be decided not by Fulham, but by Rangers, who own the player.
Fulham want to end his season-long loan but are unable to send him back under the terms of the deal agreed between the two clubs in the summer.
He is unlikely to play for Fulham again under boss Rene Meulensteen, while QPR manager Harry Redknapp has made it clear he will not agree to take him back.
Taarabt has long coveted a switch to AC Milan and a move there would suit both him and Rangers while enabling Fulham to get him off their wage bill.
The 24-year-old is advised by former Rangers boss Mark Hughes’ agent Kia Joorabchian, who has facilitated transfer deals involving a number of QPR players and has a strong relationship with many leading European clubs.