After being replaced at half-time during QPR's 6-0 humiliation at Fulham, Taarabt stormed out of Craven Cottage instead of staying with the squad.
But speaking to Sportsmail, Warnock said: 'Put it this way, if I was subbed at half-time after that first half, I would have left.
Sharp exit: Taarabt departed Craven Cottage at half-time
'There was nowhere for him to sit and watch the game, so I don't blame him for going. It's been blown out of all proportion.'
Team-mate Shaun Derry was also replaced at half-time but stayed with the squad.
Taarabt's decision to walk out midway through Sunday's horror show will not have helped him win over a clutch of players who want Warnock to take more of a hardline stance with the controversial Moroccan.
Several of his team-mates have expressed their disbelief at Taarabt's lack of work-rate on the training field and believe he is being allowed to get away with not working as hard as others.
One QPR source said: 'It's well known that Adel is not the greatest trainer at the club. But that has not gone down well with a few players. It's like Adel is being given preferential treatment, but the players - especially a few of the new lads - are not used to players giving anything less than 100 per cent in training.'
No problem: Warnock has no qualm with Taarabt, who was pictured by fans
The QPR squad had a day off on Monday but will return to training Tuesday, although Taarabt is on international duty.
Warnock hopes the situation will calm down before the former Tottenham player's return to club duties next week as he still sees the 22-year-old as an important part of his first-team plans.
The club's joint owner, Amit Bhatia, vowed to work with Warnock to get to the bottom of the club's miserable Sunday afternoon.
He said on his Twitter page: 'Will speak to NW more to understand how players are feeling and give confidence. I have every faith he will fix everything.'
Spanking: Fulham put six past west London rivals QPR on Sunday
Meanwhile, Taarabt is set to cause Warnock a further headache if his international return goes according to plan this week. Taarabt quit international football earlier this year after falling out with Morocco manager Eric Gerets.
But the former Belgium defender handed him a recall for the forthcoming clash against Tanzania and if the forward decides to call an end to his international exile then Warnock would be without him for the duration of January's Africa Cup of Nations.
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