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By ESPN Staff

Pearce gives up hope of Wright-Phillips return

Manchester City manager Stuart Pearce has virtually given up hope of Shaun-Wright Phillips returning to the club on a short-term basis.

Pearce claims Chelsea would looking for hard cash instead of a loan deal if they wanted to move the player on.

He said: 'We have been quoted a price that is a million miles away from our budget. That is the end of it really.

'The message I have received from Chelsea is they do not want to loan the likes of Shaun, and I am sure the rest of their players as well.

'If there were any deals to be done then it comes down to straight finance, if they want to sell the boy.'