The Bristol Rovers striker has been in fine form this season but Queens Park Rangers will not be making a move.
The 25-year-old has maintained his prolific goalscoring streak after winning promotion from League Two last season, scoring 16 times in the third tier to ensure Rovers still have a realistic chance of making a late dash for the play-offs.
And Taylor’s impressive form means he has been mooted as a potential target for a QPR side lacking a clinical goalscorer. Top scorer Idrissa Sylla has just six, followed by the recently departed duo Sebastian Polter and Tjaronn Chery on four apiece.
Nonetheless, Holloway believes Taylor does not possess the right style to be a success at Loftus Road.
“There are a lot of players who step up a level and can score. But it’s about the balance I need – the pace and power to move the ball from back to front sometimes if Idrissa Sylla’s injured,” Holloway told West London Sport.
“Have I got anyone who can do that? I’m not so sure I have, and Matty Taylor isn’t really that sort of player.”
Taylor is certainly more of a traditional poacher than a striker capable of holding up the ball and dominating opponents in the air, so there's certainly an argument to be made that he is too similar in style to the strikers already at Holloway's disposal.
However, with just a week remaining in the transfer window, QPR do not appear to have any deals on the horizon and there remains a paucity of natural goalscorers in the squad.
Therefore, they could yet regret taking a punt on one of the most in-form strikers in the Football League if they find themselves dragged towards the bottom end of the table.