Magilton succeeded Paulo Sousa as QPR manager in June
QPR have suspended manager Jim Magilton with immediate effect, pending an internal investigation.
The 40-year-old's suspension relates to an incident on Monday at Vicarage Road, where QPR lost 3-1 to Watford.
After the match, Magilton admitted he had a "difference of opinion" with midfielder Akos Buzsaky but he has categorically denied any wrong-doing.
QPR have won just one game in seven and the loss to Watford followed a 5-1 home defeat by Middlesbrough on Saturday.
Magilton issued a statement through the League Managers' Association on Wednesday afternoon, saying he would co-operate with any club investigation and hoped to be back in charge soon.
"While passions can run high in football, especially after a poor performance, I categorically deny any allegation of wrongdoing following Monday's fixture," he said.
"I understand that the club has initiated an internal investigation, with which I will co-operate fully.
"This is an unfortunate situation and I look forward to resuming my responsibilities shortly."
Following a statement about Magilton on Wednesday, the club issued a second statement later on their
, denying reports that Buzsaky had handed in a transfer request.
"It is not true at all," the Hungarian international is quoted as saying.
"I am entirely focused on our next fixture against West Bromwich Albion on Monday night.
QPR MANAGERS SINCE TAKEOVER
John Gregory (20/09/06 - 01/10/07)
Mick Harford (01/10/07 - 29/10/07)
Luigi De Canio (29/10/07 - 12/05/08)
Iain Dowie (14/05/08 - 25/10/08)
Gareth Ainsworth (24/10/08 - 19/11/08)
Paulo Sousa (19/11/08 - 09/04/09)
Gareth Ainsworth (09/04/09 - 03/05/09)
Jim Magilton (03/06/09 - present)
"We are in a strong position just three points outside the play-offs and as professional footballers, our sole aim is to focus on the upcoming matches."
Youth team coaches Steve Gallen and Marc Bircham, a former QPR midfielder, have been placed in temporary charge.
The duo will be in charge for the trip to West Brom.
Gallen, a former QPR youth player admitted he considered rejecting the club's request to take charge of the team.
"He told BBC Radio 5 live: "Yes I did (think about saying no).
"I have been at QPR a long time as a coach. I was there as a player but I've been there 13 seasons.
"Jim Magilton, I like him a lot. The manager and John Gorman have been brilliant to me and Keith Ryan is a personal friend of mine.
"It was in my mind but I work for QPR and I will support QPR. I want to do well."
A further announcement regarding the future of assistant manager Gorman and reserve team boss Ryan would be made "in due course", the club said in its third statement of the day.
Magilton was appointed in June after the club parted company with Paulo Sousa, who was in charge for just 26 games.
Former Northern Ireland midfielder Magilton became the seventh different man - five permanent appointments and two caretakers - to lead QPR since they were taken over by Flavio Briatore and Bernie Ecclestone.
Briatore, the one-time boss of Renault's Formula 1 team, began investing in the Loftus Road outfit with friend and F1 supremo Bernie Ecclestone in August 2007 .
QPR were given a further cash boost when the family of the world's fifth richest man, Lakshmi Mittal, bought a 20% stake in the club.
Magilton's side made a fine start to the Championship season, losing only one of their opening nine games.
They beat Preston 4-0, Reading 4-1 and Derby 4-2 to move into the play-off places on 24 October but their only victory since then came at Sheffield Wednesday on 7 November.
After the defeat at Watford, Buzsaky was seen wandering along the asphalt in front of the main stand long after the final whistle, still wearing his kit.
The Hungarian, a 76th-minute substitute, was also spotted in a public toilet close to the press room full of journalists - again in his full strip.
Gorman eventually emerged to console Buzsaky but the player still appeared to be distressed.
Professional Footballers' Association chief executive Gordon Taylor said the pressures of the game meant minor disputes could often end up being blown out of proportion.
"Emotions run high in dressing rooms after games and clearly this has happened," he told BBC Radio 5 live.
"In normal life you'd apologise and move on, but in football you're in a goldfish bowl and suddenly these things are out in public.
"We need to try and work a lot harder at anger management."
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