Parejo, 19, scored the 85th-minute winner for Real against Hamburg in the Emirates Cup match at the weekend.
A statement on the Spanish club's official website said: 'Daniel Parejo has been loaned to Queens Park Rangers for one year.
'The youth team midfielder will therefore play in the Football League Championship next season, where he will continue progressing and honing his skills."
Loan Ranger: Parejo is swapping the Bernabeu for Loftus Road
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London gets ready for the Diamond Jubilee - in pictures
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EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
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Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
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Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
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News pictures of the day
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Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
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British housewife facing FIRING SQUAD over Bali drugs smuggling charge was 'neighbour from hell' -
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Regent’s Park rapist: Teenage jogger assaulted by stranger in terrifying 7am attack
Why I think doctors are right to strike 
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning 
Eton schoolboys fly Games flag on Everest 
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train 
Shrimpy's - review 
The O2
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First review
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