QPR majority shareholders Bernie Ecclestone and Flavio Briatore have confirmed that captain Adel Taarabt will not leave the club during the summer transfer window.
The 22-year-old playmaker was a key figure in the Championship triumph last season and picked up the Football League Player of the Year award for his performances.
Taarabt's stock rose markedly as a consequence and speculation had linked him with a host of elite European clubs throughout the summer.
Paris Saint-Germain was thought to be close to completing a deal but the R's has now confirmed that Taarabt will be staying with the club beyond the end of the current transfer window.
"We are pleased to confirm that Adel Taarabt will be staying at QPR this summer," said a club statement released on behalf of Ecclestone and Briatore.
The statement continued: "Despite receiving a substantial bid for our Moroccan international, we rebuffed all approaches and indeed, we are keen to build for the future in the Premier League, and not sell one of our prized assets.
"Should we have decided to sell Taarabt this summer, we made it clear to Neil Warnock that we would reinvest funds into the squad.
"Taarabt is fully committed to the Club and is looking forward to proving his undoubted star quality for QPR in the Premier League.
"Our decision not to sell him only serves to reiterate the ambition and commitment we have both shown to QPR since we arrived here.
"We saved the club when it was close to relegation from the Championship and just one week from liquidation.
"At this time, Flavio Briatore outlined a four-year plan to reach the Premier League, which was achieved.
"We have always owned approximately 70 per cent of the shareholding at the club and have been the major benefactors since our arrival.
"We have backed Neil Warnock in bringing in his two top targets, Jay Bothroyd and Kieron Dyer, and we are working hard to try and pursue a couple of other targets the coach has identified.
"Welsh international Danny Gabbidon has impressed the coach whilst on trial and we are aiming to add him, as well as at least one or two other players to our squad in the near future."
The statement also reiterated the board's support for manager Warnock, although Ecclestone and Briatore confirmed that they have spoken to the former Sheffield United boss about toning down his comments to the media.
"Neil Warnock is our coach and we are working closely with him in a professional and confidential manner to try to achieve our aims and objectives," the statement added.
"The coach's job is to coach the squad and identify players he believes will improve the squad. As a board, we deal with all the negotiations and we have been successful in completing deals for Bothroyd and Dyer so far.
"We are aware of some issues that have been raised in the press by the coach, but we have discussed these with him internally and he has agreed to be more reserved in terms of what he discusses in the future.
"We are fully committed to strengthening our status as a Premier League club next season and in due course, build for the future.
"Now we are in the Premier League, we intend to stay here. We believe this club can achieve great things and we are looking forward to the Barclays Premier League season.
"We are very encouraged by the 10,000 plus season tickets we have sold to date and we look forward to welcoming our fans back to Loftus Road on the first day of the season against Bolton Wanderers on August 13th."
