Portsmouth do not have the funds to bring in Chelsea's flying winger and Redknapp has resigned himself to the fact that he will not be arriving at Fratton Park.
"If I could go and buy a good right winger now, I would do," Redknapp told The News.
"If I had the money, I would buy Shaun Wright-Phillips.
"But that's out of the question now, I haven't got that sort of money."