Collins, 26, has been plying his trade at the club since 2021 and played a key role in the Gas’ promotion-winning campaign during the 2021/22 season.
He put pen to paper on a contract renewal with Joey Barton’s side last summer, which tied him down at the Gas until 2025.
The forward is rated highly in the League One and he has been mooted as a target for Stoke and Sheffield Wednesday, who both want to boost their attacking options.
However, it is now suggested that Bristol Rovers have yet to receive any bids for the Welsh attacker, with the clock ticking on the transfer window.
Whether the Gas will be tested with an offer is unclear.
Collins though has failed to score in any of his five League One outings this season and Barton may be keen for the window to close in order that he can fully focus on on the pitch matters.
The attacker has now made over 100 appearances for Bristol Rovers, scoring 33 times.