Lyndon Dykes is undergoing a QPR medical after Rangers pulled out of the running to sign him from Livingston this window.
The Light Blues registered their interest in the striker, 24, earlier this summer but have since signed forward duo Kemar Roofe and Cedric Itten.
A recruitment source has told Football Insider that Dykes is now on the verge of signing for English Championship outfit QPR after they had a bid worth up to £2million accepted by Livi.
Dykes did not feature for the SPL outfit in their goalless draw against Rangers yesterday afternoon although he was present at the stadium.
He has been granted permission by Livi to discuss personal terms with QPR and put the finishing touches to a seven-figure transfer.
Livingston previously turned down two offers for the Australian-born player, who they expect to conclude his move “over the course of the week”.
The fee exceeds the £1m received from Celtic for David Fernandez in 2002.
Rangers had also been keeping tabs on Dykes but subsequently turned their attention elsewhere to strengthen their attack.
The Australian was one of the outstanding non-Celtic and Rangers players in the Scottish Premiership last season, scoring 12 goals and provided 10 assists in 33 appearances in all competitions.
Speculation has surrounded his future after he claimed he could thrive at Rangers.
Barnsley had also been keen on Dykes and table an offer for him but they have been outbid by the west London outfit.