QPR have rejected an offer from Palermo for Alejandro Faurlin.
Palermo made an offer of a six-month loan with the view to a €5 million permanent deal for the Argentine.
But QPR turned it down, insisting Faurlin is not for sale.
Rosanero chief Pietro Lo Monaco isn't giving up just yet and will try again if QPR are successful in finding a new midfield signing, so freeing up Faurlin for sale.