The Rams are wobbling at a crucial stage of the season, failing to win five of their last seven games, including Saturday's bizarre draw against Birmingham City - where the visitors hit two goals in added time rescue a 2-2 draw after Derby had been 2-0 up and cruising.
One of the big problems for manager Steve McClaren is that his two top strikers, Chris Martin and Darren Bent, are currently ruled out injured.
In a bid to solve their striking problems, Derby are now believed to be targeting a deal to sign Blackburn Rovers star Rhodes, who has earned a reputation for being one of the deadliest strikers in the Championship in recent years.
With 66 goals in 131 games for Rovers, Rhodes has been a goal machine for Gary Bowyer's men, but with a play-off place unlikely for Rovers this season, they may be willing to loan Rhodes out.
The Telegraph report that Derby, as well as Norwich City, have opened negotiations with Rovers, and the Blackburn board will make a decision in the next 48 hours over whether to let him move on.
The Scotland international would be a vital addition for Derby at this huge part of the campaign, and his goalscoring prowess would certainly help compensate for the losses of Bent and Martin.