QPR are without a full-time manager at the moment, having sacked Chris Ramsey as their head coach earlier this month.
Neil Warnock is in charge of the first team at the moment, but the search is on for a permanent replacement for Ramsey.
Former Rangers attacker Ephraim, who is currently without a club, believes that the Championship side should go for former Hull City and Leicester City manager Pearson.
“I'd go for Pearson first and maybe (Burton Albion boss Jimmy Floyd) Hasselbaink next,” the 27-year-old told Get West London. “What Pearson did with Leicester was brilliant. There are a few things that stand out for managers when I look at them.
“One, their style of play. I like his style of play. It's high pressing with a lot of energy. They keep the ball well.
“Second, their signings. Pearson signed Mahrez and Jamie Vardy. He's signed those two players and they could go for £40-50million in January combined.”
Pearson did a brilliant job at Leicester last season, as he kept the Foxes up in the Premier League.
The 52-year-old did not make a huge impact at Hull City, where he was in charge from June 2010 to November 2011, but his work at Leicester cannot be undermined.
QPR’s aim this season is to finish in the top six of the Championship, and Pearson could prove to be a great managerial appointment.