After a successful spell at Old Trafford the 32-year-old joined QPR last season but failed to make an impact, eventually losing the captaincy as the club was relegated from the Premier League.
"The deal is subject to Park obtaining a work permit," the west London club said on its website (www.qpr.co.uk)
"During this time, he will continue to train with QPR."
Park is the third player to leave Loftus Road on loan this week as the club tries to slash its wage bill, with Loic Remy moving to Newcastle United and Adel Taarabt joining Fulham.
That is despite manager Harry Redknapp telling Sky Sports last month that he did not see the point of loaning out players as he would rather sell them and take their wages off the books permanently.
"What's the point in loaning him for a year then getting him back on massive wages for another two years?" he said, referring to goalkeeper Julio Cesar who is also expected to leave.
(Reporting by Josh Reich, editing by Amlan Chakraborty)
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