But Peschisolido fears that the transfer-listed midfielder will opt for the Scottish Premier League.
"I hoped nothing else would come along, but it is a Scottish Premier League team that has come calling," he said.
"It is not an ideal situation. To be honest, I was kind of surprised that there wasn't more interest beforehand.
I think he will opt for a higher level of football
Burton Albion manager Paul Peschisolido
"He is at an age where he wants to test himself at a higher level and if he decided to go there then I wish him all the best, but I know the fans would love him here as well."
Last week, Peschisolido told BBC Radio Derby that he was confident of signing Taylor and that the player wanted to join Burton.
But that was before St Johnstone invited Taylor, an English-born Jamaica youth international, to Perth for talks.
"I am not 100% sure that he will go, but I think he will opt for a higher level of football," Peschsolido told his club website.
"It is not all doom and gloom if he doesn't come. I would love to sign him, but I have other irons in the fire if it doesn't come off for us.
"He really enjoyed his time here and he was an excellent signing. He fitted in extremely well.
"His character was brilliant and his performances were brilliant."
Taylor began his career with Bolton Wanderers but failed to make a first-team breakthrough before enjoying a four-year spell with Scunthorpe United from 2004.
He spent a season with Carlisle United before moving to Brentford last summer, only to be farmed out to Burton after just 15 appearances for the League One club.
Source: BBC Sport
Source: BBC Sport