The Hoops are now priced at just 6/4 to land the wanted striker, whilst other interested parties West Ham (6/1) and Nottingham Forest (8/1) fall some way behind.
In a transfer saga that was predicted by many to be one of the major talking points of the winter window, it's fair to say predictions weren't far off. Nevertheless as we close in on the half-way point of the transfer window, Rhodes still remains at Ewood Park.
Gary Bowyer did admit that Blackburn would consider sensible offers for players, but insisted that Jordan Rhodes was a special case and is not for sale. Despite the manager's claims, it would bold and potentially irresponsible move to keep hold of the player if a good offer comes in.
Blackburn are considered one of the biggest offenders in the face of the financial fair play regulations, and managing director Derek Shaw has indicated the club are likely to face a fine or transfer embargo for not adhering to the regulations.
Therefore it could be argued that all of Blackburn's assets are for sale and Rhodes will come into that category.
Rovers captain Scott Dann could be the first big name out the door, as Palace are in talks with the player over a potential £2.5m move. However, wages seem to be an issue after he was told to take potentially two pay-cuts to join the Premier League strugglers.
I understand Blackburn's reluctance to sell, but I feel if a good offer was made then it would not make sense for the club to turn it down. The transfer money could go a long way to help solve the financial issues at the club and keep the FA at bay.
image: © RoverTheBendInSussex