Flo has been released from Seria A side Sienna and has asked his agent to contact various clubs in the Championship in order to move back to England where his family live.
After being contacted, Holloway has taken up the option to talk to Flo's agent and have proceeded with preliminary discussions. Although wages are yet to be discussed it seems Rangers are Flo's preferred destination after enjoying great success in West London with Chelsea earlier in his career.
The former Norwegian international will be 32 next week and with Paul Furlong coming close to the end of his career, Holloway may gamble on Flo to complete his quartet of strikers in time for the season's start in August.
Meanwhile, Holloway has contacted Swindon Town boss Andy King about the availability of striker Sam Parkin.
Parkin, a self-confessed Rangers fan, has been constantly linked with the R's over the past two years may be ready to move following a mass exodus from the County Ground this summer.
King has initially rejected the enquiry but with the club in financial trouble the Robins directors may be prepared to offload the 24-year old in a cut-price deal believed to be in the region of £250,000.
Holloway is also trying to ignite a move for Bristol City captain Tommy Doherty. After deciding against a move for Dennis Wise, Holloway has turned his attentions to the Northern Ireland international to help strengthen the R's midfield.
QPR MAD will keep you updated throughout the summer with the latest news from Loftus Road so stay tuned.