The 23-year-old Moroccan has signed a three-year contract that will keep him at the club till 2016.
He said: 'I am very pleased to have signed this new contract. When I first arrived here I honestly thought it would just be for a short period but I love this club and the people here have really helped me and I am very happy to be here.
'I had a tough start to the season last year, but I worked hard and I have really enjoyed it under Mark Hughes.
'The club is getting bigger and bigger, and with a new training ground and talk of a new stadium it is very exciting.
'In the time I have been here QPR's ambition has changed. Last year the aim was to stay in the Premier League.
'We achieved this and now we want to progress and improve. Nobody is speaking about what we can achieve but we really want to move up the Premier League table.'
Taarabt joined QPR from Tottenham Hotspur in 2010.
July 12, 2012.
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