The Irish forward signed a loan deal with QPR in January, keeping him at Loftus Road until the end of the season.
After impressing in his early appearances - including contributing to the 3-3 draw with Burnley with a goal on his debut - a medial ligament injury has restricted his action.
Yet, on the eve of a potential return - with Saturday's game at Leicester tipped to see Doyle's inclusion - QPR boss Harry Redknapp has expressed his desire to keep hold of the 30-year-old.
When asked whether a permanent deal would work for both the player and the team, Redknapp responded: “Absolutely, definitely."
The former Spurs manager expressed his pleasure at having Doyle back, while also downplaying any problems that could arise in trying to combine him and top scorer Charlie Austin in the same team: “We’re looking to get him involved in the run-in and it will be a good bonus for us.
“It gives me an attacking option. I could play him with Charlie; they both work hard. He could also play wide for us as well.”
Given that Wolves have been offloading players in an attempt to fund their survival this season, they may well be willing to remove the £40,000-a-week that Doyle reportedly earns off their books. To benefit Redknapp, the Irish international would be available at a fraction of the then-club-record £6.5million Wolves paid to acquire him from Reading in 2009.
Although, with Wolves achieving promotion back to the Championship at the first attempt, manager Kenny Jackett would be foolish to let proven quality leave his squad, financial survival is the most important aim for the Molineux boardroom, and removing the high wages of a large squad is the first step to achieving this aim.