Taylor was dominant in a 10-4 victory over Darren Webster, averaging 101, hitting six 180s and more than half of his darts at doubles.
That sets up a clash with Grand Prix Champion Daryl Gurney on Saturday night for a place in the semi-finals.
Rob Cross meanwhile, will face world number one Michael van Gerwen, after a thrilling 10-7 win over Target teammate Raymond van Barneveld in the last 16.
The lead changed hands repeatedly in an absorbing contest, but "Voltage" won the last four legs without reply to come from 6-7 down to the five-time World Champion and make the last eight on his debut at Wolverhampton Civic Hall.
You can follow the progress of both Taylor and Cross live on Sky Sports in the UK, and worldwide via the PDC's broadcast partners.