Everton have been long time suitors of Eagles.
"That's Chris," Phelan, who admits that potential suitors have sought his opinion on Eagles in recent times, told the Lancashire Telegraph.
"Chris wants to fly to the moon, Chris wants to be an astronaut and that is refreshing.
"He's ambitious, he's talented and if the jigsaw puzzle comes together for him then he'll achieve it.
"Chris did very well here. It just came to that point when he needing challenging more and that opportunity came when he went to Burnley.
"I've seen him play for Burnley a few times and the crowd have responded to him brilliantly.
"He has brought to Burnley as a town a taste in fashion and cars that is perhaps a little bit different to the area! But that's Chris.
"I think he's been creating interest from other clubs. Now and again, you always get people who talk about who's got it and who hasn't, could he do this, could he do that.
"That's not just Chris, that's loads of players who have come through here.
"They ask what's their attitude like to this, that and the other, and you can't fault Chris for any of those things. He's a good professional.
"He can be as good as he wants to be, as any player can be.
"Hopefully Burnley can get back into the Premier League."