Dyer has only played seven minutes in a Ranger shirt due to a foot injury that has kept him out for four months.
Dyer sustained a new injury in his comeback match for the QPR reserves against Tottenham on Tuesday.
Neil Warnock told the London Evening Standard: “We are aware that Kieron’s contract can be terminated in January but having spoken to the chairman (Tony Fernandes) and the rest of the shareholders, we do want to support Kieron in this time, even though it may mean he is not in our 25-man squad for the rest of the season.
“I feel he has a lot to offer the club not just on the field of play but in every aspect. We will be involving him in many aspects of the club while he rehabilitates.
“Kieron is devastated. He has been to see a specialist and it is a very unusual injury. He will have an operation on Monday to rectify the problem.”
Dyer is set to undergo surgery on Monday.