It's the final day of the summer transfer window, called "deadline day" by the media, a day where many Premier League clubs make those final transfers that will make their squads as strong as possible.
And recent events at Loftus Road, including the takeover of the club by Malaysian millionaire Tony Fernandes, has meant that the West London side are likely to be one of the busiest teams this evening, especially considering the lack of spending that Rangers made earlier in the summer.
The likes of Joey Barton, Luke Young and Armand Traore have already moved to Loftus Road this week, and it is likely that there will be more players coming in today.
Here are five players who could well move to Neil Warnock's side by the end of the day.
In many ways, Bellamy has been unfortunate in the past year or so of his career.
After a successful first full season at Manchester City in 2009-10, he fell out of favour in Roberto Mancini's side.
Bellamy joined during Mark Hughes' reign as manager, but the likes of Mario Balotelli, Edin Dzeko and Sergio Aguero have joined since the Italian took charge.
This forced Bellamy to go on loan to Championship side Cardiff City last season in order to play first-team football, but this season he could play in the Premier League yet again for QPR, according to Sky Sports.
Despite interest from Liverpool and Stoke, QPR have emerged as a side who could well land the Welshman on loan, which would mean that Rangers won't have to pay a transfer fee and could only pay part of his wages.
There is no doubt that 32-year-old Bellamy still has quality—having come close to getting Cardiff promoted to the Premier League last season—and will bring much needed experience to the strikeforce at Loftus Road, as QPR would be his sixth Premier League team.
He could well score the goals that keep Neil Warnock's side in the Premier League.
Another player who could be making a move from Manchester City to QPR is Shaun Wright-Phillips, another quality player who is out of favour in Manchester and could find first-team football at Loftus Road.
He made just two league starts last season and hasn't featured yet in this campaign.
The winger would give Rangers another attacking option, and a move to West London would certainly help the 29-year-old return to the England setup after having failed to gain a call-up to the national team since October.
Wright-Phillips has played for City since 2000 (with a three-year spell at Chelsea in the middle).
There is no doubt that Wright-Phillips would bring Premier League experience to a club that lacks top-flight experience, having only gained promotion to the top flight last season.
Wright-Phillips chose the Londoners after rejecting offers from Wigan, Stoke and Bolton,
In July of 2000, Tottenham sold a talented 19-year-old by the name of Peter Couch to Queens Park Rangers—then a small team in the second tier.
Eleven years on, the same transfer looks possible, as Spurs manager Harry Redknapp is keen to sell the striker now that the likes of Roman Pavlyuchenko, Jermaine Defoe and loan-signing Emmanuel Adebayor are more likely to be getting playing time at White Hart Lane.
With Rangers keen to buy another striker, and having been linked with Crouch all summer, it appears that a return to Loftus Road wouldn't be the strangest move in the Premier League.
However, one of the stumbling blocks to any move is the transfer fee being offered by clubs such as Stoke and Sunderland—reported to be around £10 million—which may be too much for Rangers and could see Crouch move elsewhere.
This is the only transfer that seems certain to go through, after the QPR and Sunderland agreed a fee of approximately £4.5 million for the defender, according to the Telegraph.
Ferdinand, who is of course the younger brother of Manchester United centre-back Rio, moved to Sunderland from West Ham in 2008 and is in the final year of his contract at the Stadium of Light.
It appears that the 26-year-old is unlikely to be a regular in Steve Bruce's side, especially after the signing of defenders Wes Brown and John O'Shea earlier in the summer.
Neil Warnock has been able to bring the defender in to aid a fairly weak and inexperienced defense. He will at the very least provide some depth at the back.
Ridgewell, who has played more than 140 times for Birmingham since joining from city rivals Aston Villa in 2007, hopes to return to the Premier League after City were relegated in May.
He may join QPR, after he reportedly handed in a transfer request at Birmingham on Tuesday.
Because Ridgewell handed in a transfer request, combined with the fact that Birmingham are now a Championship club in financial trouble, QPR could buy him on a cheap deal should they successfully fight off competition from other Premier League sides.
But Birmingham have apparently rejected his transfer request, which could mean that QPR may have to wait until January to get their man.