Redknapp criticised Taarabt's fitness after last week's 3-2 defeat to Liverpool, claiming the Moroccan was "three stone overweight". Taarabt, 25, rejected that claim in an interview with the Daily Mail, adding he was "fuming" not to be selected.
Redknapp now says he is "on [Taarabt's] side", adding "I'd be delighted if we could get him back fit and playing"
The rapprochement follows the intervention of club chairman Tony Fernandes, who on Tuesday issued an apology for the pair's "embarrassing" dispute.
Fernandes said both men had been notified of the club's disappointment after Redknapp also granted a subsequent interview to the Sun, in which he described Taarabt as "the worst professional I have ever come across".
At the press conference ahead of QPR's meeting with Aston Villa on Monday, Redknapp displayed a more conciliatory stance towards the midfielder and insisted he was still part of his first-team plans at Loftus Road.
"I've had more ups than I have downs with Adel," he said. "I love his ability and talent. I just want him back to his best.
Adel Taarabt
"He wants to train this morning and we'll get him in shape as quickly as possible, as soon as Adel is fit and ready, we will bring him into the fold. He's a fantastic talent and we need him."
Redknapp also claimed his relationship with Fernandes had not suffered as a result of the public row.
"My relationship with Tony Fernandes is as strong as ever," he said. "I spoke to him four times yesterday. We've all moved on."
-BBC