The 23-year-old was linked with a move to Paris St Germain last summer, but has now signed a three-year contract extension with QPR.
“I am very pleased to have signed this contract,” Taarabt told the club’s official website.
“When I first arrived here I honestly thought it would be just 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, with a new training ground and talk of a new stadium 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.”
Taarabt has been handed the number 10 jersey at QPR.
“This means a lot to me personally,” he said.
“I was happy with the ‘7’ but I know ’10’ is very important at QPR. Special players like Bowles and Marsh have worn this.
“The club told me that the fans want me to have this shirt. So if this makes the fans happy too, it is even better for me.”
