The fullback's agent says he'll be headed to London from Milan.
Fabio Parisi has taken to his twitter account '@parisitweet' to upload a picture of the 26-year-old fullback shaking hands with R's manager Mark Hughes which accompanies a tweet that says: "Taiwo has just signed a six month loan with QPR".
If true, the signing is a signal of intent by the Welshman as he bids to keep the West London club up in the Premier League after recently taking over from Neil Warnock as boss.
The Nigerian has been sought after in recent times by other Premier League clubs such as Arsenal and Newcastle but Hughes has stolen a march on the pair as he prepares himself for Premier League survival.
He has only been at parent club AC Milan since June last year after signing on a free transfer from French side Marseille but has been restricted to four starts.
He might make England his permanent home in the summer as teams in the top six have all taken a look at him in January but Hughes has acted fast to get his man as his defense has shipped in its fair share of goals this season.
He is also interested in Chelsea defender Alex, Blackburn center back Chris Samba and Manchester City fullback Nedum Onuoha and they too could make the move to Loftus Road before the window shuts.