The 23-year-old failed to secure a regular place under Jose Mourinho but has been instrumental in the German club's push to secure Champions League football.
Wolfsburg general manager Klaus Allofs believes Chelsea regret selling Kevin De Bruyne and feels the club could lose him if they fail to qualify for the Champions League next season.
The 23-year-old moved to Stamford Bridge from Genk in 2012 but after an impressive spell on loan at Werder Bremen, he struggled to secure a regular first-team place under Jose Mourinho.
After just nine first-team appearances for Chelsea, De Bruyne completed his switch to Wolfsburg in January 2014 for over €20 million and Allofs claims the Belgium international is still being closely monitored by his former club.
"At Chelsea they watch how Kevin has developed with appreciation," Allofs told Kicker.
"They've seen it confirmed, why they were reluctant to let him leave."
Wolfsburg currently sit second in the Bundesliga, eight points behind leaders Bayern Munich, and Allofs is adamant that securing a Champions League place for next season will be vital in being able to keep hold of De Bruyne.
"Kevin will be leaving if we do not qualify for the Champions League come the end of this season or afterwards. All those other clubs are not blind to see," Allofs continued.
"Anyway, they would definitely have to dig very deep into their pockets. That's why most of them are definitely without a chance to sign him."
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#CITYHITZ SPORT: Chelsea regret selling De Bruyne, claims Wolfsburg chief
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