Australian footballer and basketballer Erin Phillips has been dropped by her WNBA team, the Dallas Wings.

The 31-year-old was co-captain of the Wings last year.

Phillips returned to the US last month after a stellar season as co-captain of the Adelaide Crows' inaugural women's team in the AFLW.

She led the Crows to a premiership and was named the league's most valuable player both in the AFLW's official count and in the players' vote.

In her 10-year career in the WNBA, Phillips has won two championships and has represented Australia at the Olympics and Commonwealth Games.

In a one-line statement, the Wings announced today they had waived the guard ahead of their first game against the Phoenix Mercury.

The WNBA season starts next week and Phillips could still be picked up by another team.

Phillips previously said the Wings had been "amazing" in supporting and promoting her code switch.

"I don't know how I'm going to do juggling two sports but we'll see," she said at the time.

"It'll be a good test going back to Dallas but I'm really looking forward to that and then after that we'll just wait and see what happens."