The 22-year-old was instrumental in QPR's npower Championship title charge last season and had been linked with a big-money move away to Paris St Germain, but majority shareholders Bernie Ecclestone and Flavio Briatore confirmed that the Moroccan playmaker would not be leaving.
Warnock is in no doubt of the impact Taarabt can have on the top flight, and told QPR Player: "We're all delighted that he's staying, you've got to have matchwinners in the Premier League and he's just that."
He continued: "It's a fantastic achievement by the club to keep him on board.
"It gives everybody a big lift.
"He's got such a lot to offer us next season."
Source: PA
Source: PA