QPR have offered several of their young players extended stays at Loftus Road.
Angelo Balanta, Michael Harriman, Aaron Lennox and Taylor Parmenter have all been offered new contracts by the west Londoners.
There is also a new deal on the table for Bruno Andrade, who has been offered a one-year extension to his existing agreement.
Hoops goalkeeper Elvijs Putnins, who was on the bench for a handful of Barclays Premier League games this season, has had his contract cancelled by mutual consent, while young professional Luke Olley will not be offered a new deal.Meanwhile, the club have announced AirAsia will be the club's full kit sponsor and main partner next season.
The Malaysian-based low-cost airline's logo appeared on the Hoops' away and third shirts during the 2011/12 campaign.
Now AirAsia, whose chief executive officer is QPR chairman Tony Fernandes, will also sponsor the home shirt for the forthcoming season.
"Moving AirAsia onto all three of our playing kits allows them the maximum exposure to the growing worldwide football audience," QPR marketing director Becky Grote told the club's official website, www.qpr.co.uk.
"We have great ambition for the growth of QPR in the Asian market, and AirAsia provide us with the perfect platform to raise awareness of the club in new territories."