Wright-Phillips came through the academy at Eastlands and spent several seasons there before joining Jose Mourinho's Blues for £22million in 2005.
The breakthrough move has not exactly gone to plan, however, as the England international has failed to nail down a regular spot at Stamford Bridge.
Indifferent form has played a part, as the quality of his final ball has come under intense scrutiny, while the excellence of Joe Cole has certainly not helped.
The arrival of Luiz Felipe Scolari has only compounded matters, as the new manager has shown a preference for stacking his midfield with playmakers and using attacking full-backs rather than traditional wingers.
And with the former Brazil coach eagerly pursuing Real Madrid ace Robinho, Wright-Phillips' future in west London is decidedly uncertain.
Portsmouth were leading the chase for the 26-year-old, but Harry Redknapp is now thought have turned his attention elsewhere.
However, Mark Hughes is reportedly keen to install the ex-Nottingham Forest youth on City's right flank to mirror the threat of Martin Petrov on the left.
Everton are also monitoring Wright-Phillips' situation, but they will have to top the Sky Blues' £10million bid to have any hope of landing the Greenwich-born speedster.