McManaman joined the Baggies from Wigan Athletic last January, yet he has so far mainly featured as an impact substitute as he struggles to break in to the first-team.
The 24-year-old has made just two Premier League starts this season, and his situation has seemingly attracted the attentions of two of the Championship’s biggest clubs.
Boro are well positioned at the top of the table, six points clear of Derby County in third while having a game in hand over their rivals.
While promotion is very much in their sights, boss Aitor Karanka is reportedly still keen on making an addition or two and bringing in one more quality attacking player could be signing to see them over the line.
QPR, on the other hand, have struggled of late and are in dire need of fresh impetus in the final third following the recent sale of top scorer Charlie Austin to Southampton.
The report says that McManaman is available to leave the club this month, yet boss Tony Pulis would prefer him to go out on loan rather than lose him in a permanent deal.