Queens Park Rangers chairman Tony Fernandes has taken to social media site Twitter to state that Matt Phillips will not be leaving the club this January.
The Daily Mail had said that Phillips could be on the verge of an exit from Loftus Road, with Derby County amongst the clubs interested, but these reports have been quashed today.
Fernandes says that Phillips remains a key part of Harry Redknapp's plans and he insists that the whole board are together in knowing what has to be done to improve the team.
Matt Philips is not going anywhere. He's an important player. The board is now very clear on what needs to be done.— Tony Fernandes (@tonyfernandes) January 30, 2015
Phillips' future has been the subject of much speculation because he has seemingly been given a back-up role by Redknapp this campaign.
The 23-year-old has only appeared in 12 matches and he would have been hoping to play much more of a part for the side, given his obvious talents.
Phillips has proven before that he can be a threat to defences even at the top level, with his speed and trickery two of his major assets, and it is rather surprising he hasn't been given more opportunity to impress.
From Fernandes' words it is clear that he is still rated highly by everyone at Loftus Road, though, and Phillips will be hoping that he receives more chances during the second half of the campaign.