The 24-year old joined the Lancashire based club in 2012 for the same £8 million fee that the Canaries were offering, and considering he is still contracted for a further three years, and that he has netted 51 times in 89 goals for the Rovers, it has been reported in the Huddersfield Daily Examiner that only a bid of £10 million or higher will be enough to prise the Scotland international away from Ewood Park.
He scored 87 goals in his three seasons with the Terriers before Blackburn came calling, although Huddersfield can still benefit from any potential transfer - with them set to receive 20% of any profit made if he is sold on.
Norwich have been keen on acquiring Rhodes since their relegation to the Championship, and, with the aid of parachute payments, the Canaries will be able to offer both a higher transfer fee, and a higher wage than many other second division clubs.
They have already had an £8 million offer rejected, following which Rhodes requested a pay rise, but it is rumoured that Norwich have not given up their pursuit of their target.
Norwich have already acquired two frontmen this summer, with Lewis Grabban and Kyle Lafferty arriving from Bournemouth and Palermo respectively, and signing Rhodes would be a declaration of their intent for an instant return to the Premier League. Despite not wanting to see the departure of their star striker, Blackburn have also been strengthening their offensive line - with Chris Brown arriving from Doncaster and Luke Varney signing from Leeds.
This act may appear simply as providing cover for Rhodes, but it suggests that Blackburn officials are wary that the Scot's departure may not be too far off - and that they are loading their ranks to cope with the upcoming Championship season.