Regarded as one of the hottest prospects at Loftus Road, Furlong wasn't given much of a chance under Harry Redknapp - but has seen that change under new manager Chris Ramsey.
Ramsey handed Furlong his first start last month, and the Mirror suggest that QPR owner Tony Fernandes wants the club to build a base of young talent - with Furlong being a player they are desperate to keep hold of for the long-term.
The reason QPR are frantically trying to extend Furlong's contract is because the one-year deal he signed in March 2014 expires at the end of this season; which would leave him open to joining other clubs in the summer.
Newcastle United are among a clutch of Premier League clubs believed to be monitoring Furlong, alongside the likes of Hull, Sunderland and West Bromwich Albion according to The Mirror.
The right back appears to have a bright future ahead of him, so whilst it's no surprise that he's attracting admiring glances, it's vital QPR keep him and make strides to build a team for the coming years rather than overpaying for experience as they have in recent season.