Phillips left Leeds United for City two years ago, but is now preparing to move back.
The midfielder, currently struggling on loan at West Ham, is aware that Leeds may be promoted in the off-season.
Advertisement
Advertisement
However, The Mirror states that his 150,000-a-week wages are a huge stumbling block.
He would either have to drastically reduce his demands or ask City to pay part of his wages.
The 28-year-old would have to fit into the Leeds wage structure, which would mean reducing his salary by up to 2/3rds.