The 23-year-old is reportedly close to a move to Crystal Palace.
At face value, the move looks to make sense for the R's. QPR spent several million bringing the 23-year-old to Loftus Road from Cardiff City. He has since underwhelmed.
Even in a relegated Bluebirds side last season, Mutch proved what he can do in the Premier League - and it made perfect sense for QPR to sign him based on that form.
But he hasn't produced that form in west London. Crystal Palace are now offering good money to take him to south London. Surely it makes perfect sense, then, to accept?
Well, there are potentially three reasons QPR could rue any such move. Firstly, the R's will be making a loss on a player they only signed this season. The prospect of sales revenue is exciting for any club - but what about the prospect of making a profit?
Secondly, QPR could directly strengthen a relegation rival in Crystal Palace.
And, finally, the facts of the matter are Mutch, however poor his form have been, has not necessarily been given a fair crack of the whip. Injuries have curtailed his QPR career and the 23-year-old could go on to achieve much more with time.
Those achievements could come at Crystal Palace, though, should the R's go ahead with the proposed sale.
The decision for the club simply comes down to whether they believe they have bought a sub-standard player who won't improve - or someone who has only had half a year or so to prove himself and has spent a large part of that time injured.