Magilton was left seething after his beleaguered side surrendered a 1-0 lead to slump to a third defeat in four games at Vicarage Road.
In a short statement, the west Londoners said: 'The club can confirm that manager Jim Magilton has been suspended with immediate effect, pending an internal investigation.
'The suspension relates to an incident which occurred at Monday's Championship fixture against Watford at Vicarage Road.'
It is thought the incident in question may refer to Magilton's decision to lock Hungarian midfielder Akos Buzsaky out of the dressing room after what was described as 'a difference of opinion'.
Buzsaky, who came on as a second-half substitute against the Hornets, was left to seek shelter from the freezing evening in a public toilet inside the ground.
After the game, Magilton admitted his team had shown 'no collective desire to get a result' and vowed to ask 'one or two harsh questions' of his squad.
Despite spending vast sums of money on wages and player transfers in recent months since being taken over by new billionaire owners, QPR have failed to pull up many trees in the Championship so far this season.
After 20 games, the Hoops sit 12th in the table and ten points off the pace of the automatic promotion contenders.
The latest news means Magilton's position is now under threat, just six months after he was appointed as the successor to Paolo Sousa in June.
Magilton is Rangers' eighth manager since Ian Holloway was let go after five years in charge in February 2006.
In a short statement, the west Londoners said: 'The club can confirm that manager Jim Magilton has been suspended with immediate effect, pending an internal investigation.
'The suspension relates to an incident which occurred at Monday's Championship fixture against Watford at Vicarage Road.'
It is thought the incident in question may refer to Magilton's decision to lock Hungarian midfielder Akos Buzsaky out of the dressing room after what was described as 'a difference of opinion'.
Buzsaky, who came on as a second-half substitute against the Hornets, was left to seek shelter from the freezing evening in a public toilet inside the ground.
After the game, Magilton admitted his team had shown 'no collective desire to get a result' and vowed to ask 'one or two harsh questions' of his squad.
Despite spending vast sums of money on wages and player transfers in recent months since being taken over by new billionaire owners, QPR have failed to pull up many trees in the Championship so far this season.
After 20 games, the Hoops sit 12th in the table and ten points off the pace of the automatic promotion contenders.
The latest news means Magilton's position is now under threat, just six months after he was appointed as the successor to Paolo Sousa in June.
Magilton is Rangers' eighth manager since Ian Holloway was let go after five years in charge in February 2006.
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