The 19-year-old has been discussing the Leeds striker.
Wood has failed to open his account for Leeds after two Championship games but his team-mates have been impressed with what the 23-year-old has added to the side outside of the penalty area.
Indeed, Phillips is delighted to have such an outlet up ahead of him, highlighting his ability to hold the ball up - a unique trait indeed within the Leeds striking department.
Phillips told BBC Radio Leeds: "I think he's great. He's an outlet. If we haven't got anything going in midfield, he keeps it going for us. He's a real talent up front."
Like Phillips, Leeds boss Uwe Rosler has also been full of praise for the 23-year-old striker since his arrival at Elland Road.
Rosler is confident the goals will come for Wood, while the head coach has also discussed what else the New Zealand forward brings to the Yorkshire side.
Last season, Neil Redfearn repeatedly commented on the fact Leeds were short of strikers who were effective playing alone up top. This time around, Wood appears to have solved that problem for the Whites.
But the Championship side also need goals, of course, and, after two draws in two, Rosler's men will be looking to hit a run of form in the final third.