QPR looked doomed, but Tony Fernandes has still been impressed with the job Ramsey has done at Loftus Road and apparently wants to extend his stay.
According to the Mirror, the R's believe that Ramsey is the man to take them back to the Premier League and they will hope that he can work alongside Les Ferdinand, the club's head of football operations, to make them a force once again.
QPR reportedly want to break away from their policy of buying proven talent, to start identifying young and hungry prospects, who can help them improve.
The success of the likes of Charlie Austin and Matt Phillips has allegedly encouraged the London club that buying players with re-sale value is a better approach than their current strategy.
It appears that Ramsey is seen to be the best man to implement this approach and he will be offered a new two year deal to stay on as boss.
The move is likely to be greeted with a mixed reaction from QPR supporters, but there can be no doubting Ramsey has made improvements during his time in charge so far, even if he fails to keep his side in the Premier League.