Alex will offer Phillips a permanent deal at the end of his loan spell.
Phillips has made nine appearances for Dario Gradi's side, most notably saving two penalties in a 3-2 win at Chesterfield at the start of December.
Former Manchester United manager Sir Alex Ferguson was in the crowd for the Europa League final between Dnipro Dnipropetrovsk and Sevilla.
LEADING scorer in League One; a Wembley winner and now crowned the PFA Fans Player of the Year - its
It has been a dream end to an incredible season for Harry Arter and Bournemouth as they prepare for life
The 32-year-old Brazilian right-back has spoken out about his contract situation and what he perceives to be a lack of
On Wednesday, the US Department of Justice indicted nine Fifa officials for racketeering, conspiracy and corruption.
Chelsea won the Premier League with three games to spare, while Hull, Burnley and QPR were relegated into the Championship.