The latest Queens Park Rangers transfer news, views and rumours.
According to Redknapp, the 33-year-old has been offered the chance to join another side on a temporary basis but instead prefers to stay at Loftus Road and fight for his place in the team.
Wright-Phillips has found game time limited this season, not yet featuring in the Premier League.
But Redknapp says the forward has chosen to stay with the R's and is ready to contribute for the team if called upon.
"He's still here," the QPR manager told reporters. "He's in the squad so he's got to keep working hard to try and get in the team.
"He's had opportunities to go on loan that he didn't fancy. If he's called upon, he won't let you down."
The QPR midfielder will play at Kingsmeadow on a short-term deal until November 29th.