It's a game of brinkmanship that's being played out.
I can't imagine Matty Phillips wouldn't want to play in the EPL, IMO he will go somewhere, &, as the end of the window gets closer, he will increasingly force the issue.
At the moment nobody seems to want to pay QPR's asking price for him, but if they do relent, & he comes into our price-range, chances are he will also come into another clubs'. The danger then, as I see it, is QPR selling to another club out of spite.