Newcastle United signed the winger for £5 million but recently terminated his contract for free.
According to the London Evening Standard, the Moroccan forward will be used as bait by the R's to sign Yann M'Vila, making this the trillionth transfer window to see the QPR star linked with a move away from west London.
Okay, that may be an exaggeration. But the signs are clear that the 25-year-old is not wanted by Harry Redknapp.
His £65,000-a-week salary, though, has been the mother of all obstacles to a transfer for as long as one can remember.
And, as time goes by, the possibility of Taarabt simply running down his contract before leaving QPR looks more and more likely.
Newcastle United fans will know the situation all too well. Hatem Ben Arfa, though loved by the St James' Park faithful, fell out of favour under Alan Pardew and the exit door beckoned for a long while.
But the Magpies could only loan the 27-year-old out before ultimately giving up on him and terminating his contract.
Unless Redknapp can pull out his contact-book and negotiate another masterpiece of a transfer deal for Taarabt, it lookes as though he could be heading the same way as the Newcastle man.
Like Ben Arfa, Taarabt too has only been loaned out by QPR and any attempts at a sale have been constantly rebuffed. This January may be the club's last true chance to offload the 25-year-old - or suffer a loss just like Newcastle.