The Chile international says the Premier League is the most exciting in the world and is looking forward to linking up with Mauricio Isla at Loftus Road
The Chile international is the club's sixth signing of the summer and will wear the No.24 shirt at Loftus Road and says Mauricio Isla was a big factor in his decision to move to west London.
"I have come here to do as much as I can for QPR in the Premier League," he told the club's official website.
“I’ve spoken to Mauricio a lot and he said it’s a great, relaxed environment to work in, with a fantastic squad of players.
“The Premier League is the best in the world, the most exciting in the world, and I am looking forward to competing in what is a super-competitive division.”
Manager Harry Redknapp, meanwhile, says he was impressed by Vargas at the World Cup and says his versatility is a big asset.
"Eduardo is a quality player. He’s sharp, he’s bright, and he’s very lively on and off the ball," he added.
“He can play as a No.9, he can play in behind, he can play wide – he’s very versatile.
“I really liked the look of him during the World Cup and he’s a player our scouts have been looking at for some time.
“He’s been on our radar for a long time now and we've had reports on him, from our scout over there, for a while.
“We’ve had him watched a lot, over the last year or so, and the feedback has been very positive.
“I’m delighted we’ve been able to bring him in.”