NRC says Roda JC Kerkrade want to use his wages to spread across the rest of the squad, instead of their star loanee.
Ugbo earns about ten times what his team-mates take home and the coaches would rather have one angry unpaid player than several.
Fingers are being pointed at investor Mauricio Garcia de la Vega, who the club are desperate to get rid of after he attempted to take over the club last summer.
Ugbo, 21, has scored four goals on loan in the second tier of the Dutch pyramid.
Ike Ugbo made his U23 debut for Chelsea as a schoolboy on September 14 2014, six months after he made his maiden appearance for the U18s.
Ugbo visited the Super Eagles Crowne Plaza Hotel Ealing hotel ahead of a friendly with Serbia in March 2018 to hold talks with the Nigerian Federation over committing his future to the three-time African champions.