The 53-year-old was sacked as QPR’s first team manager back in November, after the London club made a disappointing start to the season.
Ramsey has remained unemployed ever since, and Rangers have seized their opportunity to bring him back to Loftus Road.
Ramsey will now be in charge of player development at Rangers, as the Championship side look to improve the productivity of their youth set-up.
The news of his appointment has received a mixed reaction from QPR supporters, who were unimpressed with his showing as manager.
And Marsh seems to have been rather sarcastic in his tweets about QPR's appointment, suggesting that Ramsey's role is not needed - and another Neil Warnock return would blow his mind.
Chris Ramsey great signing for QPR— Rodney Marsh (@RodneyMarsh10) January 5, 2016
It's great that a team can have a Football Director & a Technical Director of Football— Rodney Marsh (@RodneyMarsh10) January 5, 2016
If QPR sign Neil Warnock as Consultant Director of Football I think my head will explode— Rodney Marsh (@RodneyMarsh10) January 5, 2016
Les Ferdinand already operates as the club's director of football, so it is not entirely clear where Ramsey fits into the structure at Loftus Road.
Ramsey left QPR in 13th spot in the Championship, and they have been unable to move up the table since his departure.
With Jimmy Floyd Hasselbaink now in charge of first-team matters, the R’s have slipped down to 16th place in the standings.