The Manchester City defender, who has represented England 26 times throughout his career, is out of contract this summer and has been linked with a move to recently promoted Queens Park Rangers - who received criticism for spending highly on big named signings who failed to produce during their last stay in the Premier League.
Despite also spending highly during their one year stay in the Championship, Rangers reaped the financial rewards of promotion - securing a dramatic last minute winner in the play-off final to secure a top-flight return.
Reports linking Rangers with Lescott, as well Frank Lampard, Rio Ferdinand and Joe Cole - all out of contract this summer - suggested a similar financially unsound approach this season.
However, QPR owner Tony Fernandes has promised to alter the transfer methods of the club this time round, as he looks to aid manager Harry Redknapp in his search for survival.
Speaking to Sky Sports, Fernandes revealed that a move for Lescott is unlikely, suggesting that he does not have the correct experience required in a fight for survival.
The 50-year old businessman said: "I think these are all fantastic players being mentioned but we have brought in players who've been at big clubs before and we got our fingers burned.
"We have a different philosophy from this time two years ago. We know what we want, we have a list of targets that we think are the right sort and will add tremendous value to the club.
"You need a balance of youth and experience but you need to get the right experience - people who are ready to come down and battle. People who have come from places like Manchester City, having won titles and been in the Champions League, might not have the right energy you want."
A meeting between Fernandes, Redknapp and various other club officials was held on May 30 to discuss potential transfer targets, as well as the immediate future of the club.
"We had a fantastic day talking about our targets and what we want to do. We need maybe four or five new players and we are a much better prepared club than we were two years ago," the Malaysian owner suggested.
"We saw at Wembley a new type of QPR culture and it made me proud. We want to keep the spirit together and get the right dressing room. It's amazing what you can do with that.
"We said we'd learn and come back stronger and next season we will see. No one can guarantee anything. It's so unpredictable. But we will give it a bloody good fight to stay up."
If Fernandes and Redknapp hold to the vision they have outlined, it would represent a bright new future for QPR, a future highlighted by their plans for a new stadium. Financial Fair Play rules must also be adhered to, and it appears as if the club are doing all they can to revert the various negative conditions they brought onto themselves.