The Northern Ireland international has netted 11 times for the Iron this season, after joining from Stoke City in the summer.
Paterson was out of contract at the Potteries, with a Football League tribunal setting the fee at £425,000 after the two clubs could not agree a price.
Iron chairman Steve Wharton has insisted that the 20-year-old forward is not for sale.
Boss Nigel Adkins is currently looking to add to his strikeforce rather than deplete it, with a move for Geoff Horsfield apparently breaking down and an approach for Coventry's Dele Adebola also in the pipeline.