This season he has made just five appearances, including one start, and a total of 106 minutes for the Red Bulls first team.
Last season, his first with the club, he played just 12 times, including one start.
After not having his option picked up at the end of the 2015 season, he was eventually re-signed on a salary of $116,000 a year.
By contrast former Chelsea team-mate Frank Lampard – who has also struggled for minutes at rival New York City FC due to injury – is on $6,000,000 a year.
Wright-Phillips, whose younger brother Bradley is one of the team’s star players, is also likely to play for the Red Bulls first XI in their US Open Cup match with the Rochester Rhinos next week.