The Daily Mirror reports the former Tottenham manager will be handed a £1 million bonus if he can stave off relegation at Loftus Road - on top of the £3m a year, two-and-a-half-year deal he has agreed with the cub.
Redknapp looks certain to take over as QPR manager on Saturday after confirming late on Friday that a deal was almost done with the ailing club, with the papers pre-empting his appointment and acclaiming in delight one of their best quote machines returning to the fold. The Times carries a photo of the 65-year-old looking pensive under the headline 'Redknapp answers QPR's prayers', while both the Daily Mail and the Daily Telegraph simply state 'Harry's back'.
The Daily Star, meanwhile, reports the same £1m relegation avoidance bonus as the Mirror under the headline 'Harry is quids in'.
The Guardian claim that QPR made their move for Redknapp only after overtures from Ukraine forced their hand. With the club not wanting to lose their man, Hughes's departure was expedited.
The Daily Mirror reports that Redknapp's first recruit will be Michael Dawson, his former charge at Tottenham.
The Hoops' defence is notoriously leaky and the acquisition of centre-back Dawson would help to patch up the backline, although the paper goes on to claim that is not all that needs to be fixed at the club.
Mirror columnist John Cross labels the club "broken" and claims that the QPR squad is so split that one star even eats lunch in his car and not with team-mates.
The general consensus in all the papers is that Redknapp will travel with the team for Saturday's match against Manchester United at Old Trafford before taking charge of his new team on Sunday. His first match in control will be Tuesday's clash at Sunderland.
To other news, and Redknapp's former club Tottenham are bracing themselves to lose Gareth Bale, who the Daily Mail report wants to quit the club.
"The north London club are expecting their Welsh wonder to drop the bombshell in the coming months after he was made aware Jose Mourinho had put him at the top of his transfer wishlist," the report reads.
It adds that Spurs will expect a British record £50m if they are to let the Wales wing wizard to leave. That would represent a £43m mark-up on the man they bought from Southampton for just £7m back in 2007.
West Ham are being linked with a move for Marseille star Andre Ayew, who has admitted he would welcome interested from the Hammers over a possible move to the Premier League.
The Daily Mirror adds that Ayew and his brother Jordan could be set for a January move to Upton Park, despite the pair's Africa Cup of Nations commitments with Ghana early next year.
And finally, Everton are plotting a swoop for Belgium midfielder Vadis Odjidja-Ofoe once the transfer window next opens in the New Year.
The 23-year-old Bruges ace was watched in Europa League action this week and the Daily Mail claims Toffees boss David Moyes is keen on getting his man at the second attempt, after a deadline-day move was thwarted by red tape.