Alleged incident occurred during Rangers' 1-0 victory over Andre Villas-Boas side at Loftus Road on Sunday
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Following the match, video clips were posted on social networking site amidst claims that the England skipper launched a tirade of abuse towards the former West Ham and Sunderland stopper.
The Stamford Bridge defender has hit back at the allegations, denying that he made any foul remarks towards the Hoops defender.
“I've seen that there's a lot of comments on the Internet with regards to some video footage of me in today's game," a statement released by the England captain read.
"I'm disappointed that people have leaped to the wrong conclusions about the context of what I was seen to be saying to Anton Ferdinand.
"I thought Anton was accusing me of using a racist slur against him. I responded aggressively, saying that I never used that term," Terry continued.
“I would never say such a thing, and I'm saddened that people would think so. I have known Anton for a long time and spoke to him about it after the game and there was no problem between us.
"I congratulated him on their win. He has not accused me of any wrongful remark.
"It was clear it was all a misunderstanding at the time. After the result, I am saddened to be dealing with these wrongful allegations.
"I am the proud captain of one of the most internationally diverse teams in the Premier League and I absolutely believe that there is no place for racism in sport and indeed in any walk of life."