Tony Fernandes has revealed that QPR are evaluating three potential sites for a new stadium.
The Hoops chairman completed his takeover at Loftus Road last August and has acted swiftly to bring both the playing squad and facilities up to Premier League standard.
The Rs have already announced plans to move to a state-of-the-art training ground next summer and have now turned their attention to finding a plot for a new stadium.
"We're working this week," said Fernandes. "I am getting a full report on one of the pieces of ground.
"I think we have three potential choices and we are going to evaluate it and then take it to the shareholders.
"It has actually not even been a year that we have owned this club and I am very pleased with the kind of progress we have made in one year.
"If we can continue at this kind of pace, then things should look good at QPR."
Things are looking promising on the field too as QPR look to improve after narrowly avoiding relegation last season.
The Rs have already brought in Ryan Nelsen, Andrew Johnson, Robert Green, Samba Diakite and Fabio da Silva, and manager Mark Hughes is expected to make more additions this summer.
"We have a great manager and we have made some good signings already in a very quick period," said Fernandes.
"We have a bit more work to do but things are moving in the right direction. We're rebuilding so obviously [we're active]. There may be three or four more, we'll have to wait and see.
"The target was to try and do as much business [as we could] before pre-season so that Mark would have as much time as possible to work on the team.
"We're pushing hard. We've given some players deadlines to say 'if you want to come to us, you have to come to us now' so let's see."