A firm fans' favourite at Loftus Road, the 24-year-old last summer extended his contract with the Hoops amid reported interest from Paris St Germain.
However, Taarabt has had a tumultuous summer at relegated QPR and is now set to join west London rivals Fulham.
"We agreed everything with the club so the only thing we have to do is a medical," Jol said.
"If that is sound and good, he will join us. The medical will be tomorrow.
"I like his creativity and, of course, sometimes it comes off when he scores a lot of goals and I think he was involved in 40 goals [during the 2010/11 Championship promotion season].
"It is like Dimitar Berbatov - sometimes these fantastic talents will be blamed but I hope to find a way to gel him in together with the boys we've got.
"I think he can do a hell of a job for us because he is a tremendous player on the ball."
Taarabt moved to England from Lens in 2007, linking up with a Tottenham side then managed by Jol.
"I have known him now for a long time," the Dutchman added. "When I was at Hamburg, I wanted him but thought the money Daniel Levy asked for was too much.
Source: PA
Source: PA