The 45-year-old former Spurs manager has been linked with the Rs hotseat for several days now, with current boss Harry Redknapp under increasing pressure following the club's poor start to the Premier League season.
The west London side are bottom of the table after seven league games, having managed just one win in that time.
Recent reports have suggested that Sherwood is even in the running for the Fulham job - but QPR is looking a more and more likely destination.
And the Standard have identified two key reasons why the ex-Tottenham boss is now a stronger candidate than ever.
Firstly, there is reported tension between Redknapp and the QPR board, with the 67-year-old being distant during talks over a new deal. The club's poor form has not made his position any stronger in that regard.
Secondly, Les Ferdinand's recent appointment as Head of Football Operations means Sherwood already has an ally at Loftus Road.
The duo worked together at White Hart Lane last season and Ferdinand is believed to be keen on a reunion with the former Spurs coach.