The South Korea international will move to Loftus Road for a fee of £2million once the relevant paperwork has been completed.
Park, who won four Premier League titles and a Champions League during his time at United, is understood to have been swayed to join QPR by their ambitious plans.
The 31-year-old became one of Sir Alex Ferguson's most reliable players after joining the club in the summer of 2005.
Park began his professional career with Japanese side Kyoto Purple Sanga aged 18 and impressed during Guus Hiddink-led Korea's successful run to the World Cup semi-finals in 2002.
Such performances saw him follow the Dutchman to PSV Eindhoven, where he played for three years before joining United for £4million.
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