The 29-year-old, who is in his fourth stint with the Chairboys, is rumoured to have rejected a new contract with the South Buckinghamshire side, according to transfer expert Pete O’Rourke.

This would make him a free agent when his current deal expires on June 30.

The Nigerian rejoined Wanderers in the autumn of 2024 and has since gone on to score 16 goals in 94 appearances during that period.

In the 2025/26 campaign, he netted 10 times in 48 games across all competitions, earning both the Supporters’ Player of the Year and Players’ Player of the Year awards, the first time he has achieved the feat in his six seasons with the club across different spells.

With Wycombe expected to release their retained list by May 16, it is anticipated that Onyedinma is set to leave, with both Oxford and Reading showing interest.

Should he move east to Berkshire, he would be reunited with the Couhigs, under whom he played between 2019 and 2021.

During their reign, Wycombe gained promotion to the Championship for the first time in the club’s history, with Onyedinma playing a key role. He scored twice in the League One play-off semi-final second leg against Fleetwood Town in a 2-2 draw at Adams Park, securing a 6-3 aggregate victory.

In the final, coincidentally against Oxford United at Wembley, he was fouled in the penalty area by goalkeeper Simon Eastwood with 11 minutes remaining and the score level at 1-1.

Club legend Joe Jacobson, now the CEO at Reading, converted the resulting penalty to seal a 2-1 victory and confirm Wanderers’ place in the second tier for the first time.

Alternatively, if the former Millwall, Luton Town and Rotherham United player opted to travel west along the M40, he would reunite with former teammate and current Oxford head coach Matt Bloomfield.

He would also link up again with ex-Chairboys head coach Mike Dodds, under whom Onyedinma played for six months between February and September 2025, before Dodds was sacked following a poor run of form. Dodds is now Bloomfield’s assistant.

Across his four spells at Wycombe, Onyedinma has scored 39 goals in 207 appearances.

Following the final-day victory against Rotherham United on May 2, head coach Michael Duff revealed that recruitment meetings were already underway, with the club expected to be busy in the market.

Deals are anticipated to be completed ahead of pre-season, with the possibility of additional arrivals once the campaign has begun.

The new league season will start on Saturday, August 15, with the first round of Carabao Cup fixtures taking place a week earlier on Saturday, August 8.

The U’s announced their retained list on Monday, with 10 players set to leave OX4.

Przemysław Płacheta, Myles Peart-Harris, Hidde ter Avest, Owen Dale, Will Goodwin, Joshua Johnson, Jacob Knightbridge, Stephan Negru, Tom Bradshaw, and Stuart Findlay will all leave the club after their contracts expire this summer.

The Yellows squad has now decreased in number as they prepare for a return to League One following their relegation from the Championship.

Matt Bloomfield’s side finished 22nd after a two-year stint in the second tier.

After their departures was announced, first team regulars Placheta and Peart-Harris both issued farewell statements on social media.

Przemyslaw Placheta darts away with the ball (Image: Mike Allen)

Polish winger Placheta posted on Instagram, saying: “After two years, the time has come to say goodbye.

“I want to thank everyone connected with the club.

“Thank you for welcoming me and my family from the very beginning and making Oxford feel like home.

“There were beautiful moments and difficult ones too, but for all of them I am sincerely grateful. This chapter helped me grow not only as a footballer but also as a person. The experiences, lessons, friendships and memories created here will stay with us forever.

“To the fans – thank you for your support, passion and belief throughout everything. Wearing this badge was an honour.

Myles Peart-Harris exits the pitch to praise from Oxford United head coach Matt Bloomfield (Image: ©Jason Dawson)

“I wish everyone nothing but success in the future and I truly hope Oxford United will be back in the Championship very soon.”

Peart-Harris joined The Yellows from Brentford in the January transfer window on a contract until the end of the season.

On X, the midfielder said: “A chapter comes to an end. Thank you for all the support, love and memories. It’s been a pleasure representing this club and playing in front of you all. Wishing the club nothing but the best going forward.”

A chapter comes to an end. Thank you for all the support, love and memories. It’s been a pleasure representing this club and playing in front of you all. Wishing the club nothing but the best going forward! 💛 pic.twitter.com/kihWq51A55

— Myles Peart-Harris (@PeartHarris) May 11, 2026

Stephan Negru in action for Oxford United (Image: Mike Allen)

Centre back Negru, who spent the season on loan at Bristol Rovers and then Tranmere Rovers, also bid farewell to the club.

On Instagram, the 23-year-old said: “My time at Oxford United has come to an end, and I would like to sincerely thank everyone involved for these unforgettable years. From the coaches and staff members, to every teammate I’ve shared the pitch with and the fans who have supported throughout – I’m truly grateful for the lessons, experiences, and moments this club has given me. I’ve made friendships and memories that will stay with me for life.

“It has been a real honour to represent this club and Oxford has played a huge part in my journey. I will always look back on my time here with pride. Thank you for everything.”

The U’s have been relegated from the Championship after a two-year stay, finishing 22nd in the league and four points from safety.

Oxford join Leicester City and Sheffield Wednesday in stepping down to the third tier.

On Monday, The Yellows confirmed their list of retained players ahead of the 2026/27 campaign.

10 players have been released by the club following the expiry of their contracts.

Przemysław Płacheta, Myles Peart-Harris, Hidde ter Avest, Owen Dale, Will Goodwin, Joshua Johnson, Jacob Knightbridge, Steph Negru, Tom Bradshaw and Stuart Findlay will all depart OX4.

Myles Peart-Harris on the ball in his U’s debut against MK Dons (Image: ©Jason Dawson)

Head of football operations, Ed Waldron, told the club website: “I would like to place on record my thanks to each of the players departing the club for their contribution and professionalism during their time at Oxford United.

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“The recruitment process for the upcoming season has been underway for several months, and we will continue to look at ways to strengthen and improve the squad as we look to respond next season and push for promotion back to the Championship.”

Oxford United right back Hidde ter Avest (Image: Mike Allen)

Of the 10 released names, Dutch right back ter Avest is the only real surprise with the defender departing after two years at the club.

The 28-year-old played 36 times for The Yellows and scored one goal.

Oxford United winger Przemyslaw Placheta evades the challenge of Leicester City’s Jannik Vestergaard (Image: Mike Allen)

Polish winger Placheta is the most high-profile departure having played 60 matches for Oxford, scoring six goals and managing four assists.

The former Birmingham City and Norwich City man has been rumoured to be in talks with Major League Soccer outfit Austin FC in the United States.

Peart-Harris arrived in January from Premier League side Brentford on a contract until the end of the season and leaves having played 20 times, scoring on three occasions and assisting once.

Former Portsmouth and Blackpool winger Dale contributed to The U’s League One play-off winning 2023/24 campaign and leaves after spending the season on loan at Plymouth Argyle.

Oxford United have released winger Owen Dale (Image: Mike Allen)

Goodwin, Johnson, Knightbridge, and Negru are all players on the younger side who have recently been out on loan at lower league clubs having struggled to make strong enough impressions in OX4.

Experienced striker Bradshaw spent the second half of the season at Barnsley and leaves after 18 months at Oxford.

30-year-old defender Findlay departs after four years but having spent three of those on loan in Scotland.