Terry has categorically denied making an alleged racist slur towards Ferdinand during the Blues' 1-0 Barclays Premier League defeat at Loftus Road.
A Metropolitan Police spokesman said: "We can confirm that police have been notified of an incident on Sunday 23 October involving alleged racial abuse. This is currently being assessed by officers from Hammersmith and Fulham."
Videos circulated on the internet in the aftermath of the game, with some claiming the footage shows Terry insulting the QPR player using racist language.
Press Association Sport understands QPR will meet Ferdinand today to discuss the matter.
The alleged incident happened during a bad-tempered west London derby which saw Chelsea duo Jose Bosingwa and Didier Drogba sent off as Heidar Helguson's eighth-minute penalty handed QPR their first win over their arch rivals for 16 years.
Terry said in a statement: "I've seen that there's a lot of comments on the internet with regards to some video footage of me during the game.
"I'm disappointed that people have leapt to the wrong conclusions about the context of what I was seen to be saying to Anton Ferdinand.
"I would never say such a thing, and I'm saddened that people would think so."
Source: PA
Source: PA