The Wycombe Wanderers manager is a former Queens Park Rangers player.
The report claims Holloway looks set to leave QPR after a 'difficult' season for him, on and off the pitch.
And Ainsworth, along with Mark Warburton and Steve Cotterill, is said to be in the mix.
Ainsworth has just led Wycombe out of League Two in his sixth season as Chairboys boss, although it is claimed he is 'likely' to accept the invitation to take the reins at his former club.
The former winger spent nearly a third of his 23-year playing career at Loftus Road, and was part of the side that won promotion to the Championship under Holloway in 2003-04.
Ainsworth moved to Wycombe directly after his QPR spell ended and landed his first managerial job two-and-a-half years later.
Would Ainsworth be a suitable replacement for Holloway at QPR?
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