The Cameroon international has been turning a number of heads in English football, following a string of impressive performances in La Liga last season.
The towering 6"4 defensive midfielder could be available for as little as £1.7 million, meaning a bidding war between a number of possible suitors might just be on the cards.
Harry Redknapp revealed his intentions earlier this month to bring at least five more players to Loftus Road before the beginning of the season, and although a deal for Steven Caulker was completed yesterday, the QPR boss still has much business to do before fulfilling his plans and the 25-year-old midfielder may well be next on the list.
QPR have previously been connected with a move for Norwich's Leroy Fer, but progress on any potential deal has fallen silent meaning Redknapp could be considering Loé as a viable alternative.
Levine has already added several players to his Baggies squad including Craig Gardner, Joleon Lescott, Brown Ideye and Andre Wisdom, and the Osasuna midfielder could be tempted by West Brom's clear intent to strengthen for next season.
Burnley have to be considered outsiders in the race for the Cameroonian's signature. The Premier League new boys do not possess the financial metal to compete with fellow promotion side QPR or West Brom, and are likely to only stand a chance of signing the player if they act quickly and decisively.
Sean Dyche has so far brought in six new signings at Turf Moor this summer in preparations for the new season, with the Clarets chances of success surely hinging on their ability to keep hold of star man Danny Ings.