Olsson, who joined West Brom in 2008, signed a four-year contract with the club in October, but British media reports say he is keen on a move to London for family reasons.
"We had a bid from QPR for Jonas Olsson. We rejected it and we don't encourage any more offers from anyone," Clarke said on West Brom's Twitter feed.
The 29-year-old centre-back has been one of West Brom's key performers this season. The Midlands club are seventh after 21 games.
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