The Daily Mail recently claimed Leicester may have won the race to sign the Frenchman this summer, for a fee in the region of £15million.
However, Phillips, who won the Premier League Golden Boot in 1999/2000, believes the pursuit is far from over and has backed David Moyes‘ Hammers, who have been linked previously, to make a late swoop for the 23-year-old.
He said: ”I think a lot of clubs will be interested at £15million because if it works, great and if it doesn’t you have not lost too much. What is £15million? Nowadays, it’s nothing. If Edouard is set to leave this summer I think West Ham and a few others would be looking at him. It will ultimately be down to the player but where West Ham and Leicester finish in the league could determine where the player goes.”