Rotherham boss Paul Warne says his club want £5m for Danny Ward and that three clubs have made offers.
QPR have had bids of £1.2m and £1.5m for the Millers forward rejected.
There have been reports that Rotherham have received a bid of £2m from a Championship club.
But Warne said: “I have been made aware of a few bids, but they are not as big as £2m.
“If a £2m bid had come in, it’s nowhere near enough anyway. It would be rejected.
“If anyone can tell me of a £2m striker I could get in who would play the way Danny does, they’re better at football than I am.
“I spoke to Danny this morning. I’ve always been really honest with him. I think the world of him.
“I said to his face: ‘If you can come back with anyone under £5m who you think is better than you, please do and I’ll sell you for the same figure.’ As of yet, he hasn’t been back to me.
“I am aware that three clubs have put proper bids in and I’m aware that all three have been turned down.”
Warne was speaking at a press conference after Ian Holloway had earlier suggested QPR are ready to end their pursuit of Ward and had not been given an indication of Rotherham’s asking price.
“We’ve done what we needed to do,” said the R’s boss.
“They haven’t given us an idea of the fee they want, so it’s a bit of a stalemate so we’re moving on.”
Ward, 25, has scored 10 goals for Rotherham this season and a number of Championship clubs are showing an interest in signing him.
Rangers have also been in talks with Bristol City over a potential deal to sign Luke Freeman.
The club are hoping City will agree to sell given that the winger’s contract expires in the summer.
“We’ve been targeting players who are out of contract, but unfortunately Danny Ward isn’t,” Holloway said.
QPR are also interested in Manchester United midfielder Sean Goss.
This post was last modified on 19/01/2017