But despite the club's brief foray in the UEFA Cup this season after qualifying through the Fair Play League, Anelka has seen his chances of European action next season disappear. A dismal home record has seen City win just three times in front of their own supporters.
Anelka has complained privately this season about everything from the attitude of his team-mates to the club's preparation for games and is also fearful that he will not be able to break back into the France team unless he raises his profile by playing at a topbracket club.
Having healed a rift with France coach Jacques Santini recently, Anelka had hopes of making the squad for last week's friendly against Holland but was still left out.
After City failed to break down Fulham, Cox reported to Keegan that he thought there was a need to play more direct football against Villa.
When he suggested selecting Paulo Wanchope and Jon Macken instead of Anelka and Robbie Fowler, the manager agreed.
Keegan and Cox feel the decision was vindicated by the result and are prepared to do the same again for Saturday's visit of Wolves.
Although there will be no active moves to offload the former Arsenal and Liverpool striker, Sportsmail now understands that bids of an acceptable level will be considered by the club's board, even if Keegan remains keen to keep him.
Defender Michael Tarnat and midfielder Sun Jihai also appear on the way out at City. Along with Villa midfielder Thomas Hitzlsperger, they are targets for German club Bayer Leverkusen.
Keegan is expected back in charge of team affairs at City by the end of the week.