Speculation over Warnock's future has been growing for the last few days after owner Tony Fernandes revealed on Twitter no job was safe at Loftus Road.
QPR currently sit just one point above the drop zone after failing to win any of their last eight Premier League games and they only avoided an early exit in the FA Cup after a last-minute goal from Heidar Helgusson rescued a 1-1 draw at MK Dons.
Despite spending heavily at the end of the summer transfer window, QPR have struggled on their return to the top flight and have picked up just 17 points from 20 games.
Warnock took charge at Loftus Road in March 2010 and after securing their Championship status he guided the club to promotion in his first full season in charge.
The 63-year-old guided his side to the Championship title and hopes were high QPR would enjoy a successful campagin back in the Premier League.
Joey Barton has called for a minutes violence before the next game which is away to Newcastle next Sunday.
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