Tjaronn Chery is due to undergo a medical at QPR early next week after the club triggered a release clause in his FC Groningen contract.
Chery, 27, was on Rangers’ list of targets after the end of last season and a move to sign him was sanctioned following confirmation of Raheem Sterling’s transfer.
A sell-on clause agreed when Liverpool signed Sterling in 2010 means Rangers will get 20% of the fee paid by Manchester City for the England international.
An attacking midfielder with an impressive goalscoring record, Chery’s previous clubs include FC Twente and Den Haag.
A number of Premier League clubs have been monitoring him and Aston Villa recently approached Groningen but were unable to agree a deal.
Dutch media had claimed that QPR had a bid for him rejected and that he is keen to play for a top-flight team.
However, Rangers have been confident of a deal and hope to wrap up the signing in the coming days.