Sao Paulo insist Henrique can still make a move to QPR.
Reports earlier this week claimed that Rangers' bid for the highly-rated 20-year-old had fallen through after he was unable to win a work-permit to play in England.
"It was said that he was denied [a transfer] but this is not true, the FA would only authorise the deal if it was permanent," Sao Paulo vice-president Joao Lopes told Globoesporte.
"The FA did not agree with the deal that was going on, so we will now meet again [with QPR] and try to come to an agreement."