"It's great news for everybody. He came to see me and wanted to be taken off it, which we've done.
"He's very much an integral part of the squad. He's my captain on the pitch, he has been outstanding for us in the last two matches, he's a great trainer and great lad to have around.
"He's a QPR freak, which helps when you are playing for the club you love, and he wears his heart on his sleeve every week - I just love having him around."
Gregory, who has a deal until the end of the season, added: "He's now playing for a new contract - the same as me, the same as Stevie Lomas and Marcus Bignot.
"Hopefully, all of us will get a new deal if we continue to impress."