Phillips has drifted out to the fringes of the first-team at Loftus Road in recent months, but the Scotland international is understood to be reluctant to drop down a division and instead wants to remain in west London to fight for his place.
The report comes after West London Sport also claimed that a similar deal was discussed for McManaman’s teammate and fellow wide man Shaun Maloney, who now looks set to join Premier League rivals Leicester City after a £1 million fee was agreed.
McManaman, 23, has scored five goals in 22 Championship appearances for Wigan so far this season, and is also a target for West Bromwich Albion this month, according to an earlier report from the Daily Mail.
However, with a fee of around £5 million said to be needed to acquire his signature, the former Everton product could be out of QPR’s price range unless additional funds can be raised through selling off some of the squad’s deadwood.
One potential alternative which Sky Sports have suggested is Standard Liege’s Paul-Jose M’Poku, who manager Harry Redknapp had on the books of Tottenham Hotspur previously, and is now said to be eager for a second shot at English football.