The Moroccan midfielder has struggled to make his mark with Benfica which has led to the Portuguese side offering him a way out in January.
Taarabt, 29, is contracted with Benfica until 2020 but they are prepared to let him go as soon as January on loan, although both parties would prefer a permanent move.
According to the Portuguese paper Record, the former Tottenham midfielder is desperate to leave having not appeared once for Benfica this season.
Taarabt has fallen so far down the pecking order that he hasn't even featured for their reserve team.
The Moroccan player has had a tumultuous time with the Portuguese club since arriving in 2015.
He has struggled for game time and angered chiefs in 2016 when he returned to pre-season training overweight and made it common knowledge that he wanted to leave the club.
Taarabt is known to be an outspoken player and has been openly critical of several managers in the past.
He will surely be hoping that it isn't held against him as he attempts to return to English football.
The midfielder tried to salvage his career last season when he spent part of it on loan with Genoa.
But his 29 appearances didn't convince the Italian club to make the move permanent.
Queens Park Rangers may be one Championship side who decide to make a move for their former midfielder.
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