Australia's premier club competition would be reduced to nine teams if Wellington Phoenix turn down an offer of a four-year licence at the end of the current season.
Phoenix's application for a 10-year licence was rejected by the governing body on the grounds of an unsatisfactory off-field performance by the club, raising fears they will walk away from the league at the end of the season.
Reports have emerged that a third team from Sydney's southern suburbs will make up the weight should Phoenix cut their losses and call it a day.
But Wollongong is the way to go, says the man who started his career on the south coast and went on to play for Australia at the 2006 and 2010 FIFA World Cup finals.
"I hope it eventuates," Chipperfield said.
"It would be great to see Wollongong back in the top league.
"I think many juniors in the area need a pathway.
"I also heard rumours of a super team or whatever they are calling it covering St George/Sutherland and Wollongong but I would prefer a Wollongong team.
"Two teams in Sydney is enough. Wollongong has a massive junior participation.
"I would never have made it without the Wolves (Wollongong City). For a small area we have produced some good Socceroos over the years.
"There are plenty of talented players in Wollongong that need the same chance I was given.
"The area has made mistakes in the past, the main thing was not engaging the community and not making them feel like it's their team also.
"But I think if given another chance they will succeed. There are new ambitious people involved now."
Chipperfield said he would be delighted to assist the new club should it be admitted to the A-League.
The 39-year-old still lives in Switzerland where he still plays for amateur team Aesch after a distinguished career with FC Basel.
"Yes, of course I would be interested in helping out," he said, without mentioning what capacity he would prefer.
"I'm currently thinking of moving back and doing my soccer school in Wollongong but if the opportunity came up to work with a Wollongong A-League team then that would be great.
"I learnt a lot in Europe. Basel was a small club when I joined them in 2001 but now they're a beast and making a lot of money. Similar principles will work in Australia."
Chipperfield's positive attitude comes in the face of difficult economic times for the south coast which would suggest that this might not be the opportune time for the city to take a plunge into the A-League.
"People have lost jobs all over Australia not just in Wollongong," he said.
"I hear people all the time talking about 10,000 crowds (for clubs to break even) but I'm pretty sure a few A-League teams don't average 10,000 and it's only getting worse.
"Wollongong has 10,000 juniors and a lot more social and amateur players. If they can get the community behind them then 10,000 crowds are realistic.
"There is plenty of talented players in Wollongong and he people running the club would just need to be clever, which they haven't been in the past."
Chipperfield will be in Australia next month for the celebrations marking the 10th anniversary of the Socceroos' epic win over Uruguay in Sydney that gave them a ticket for the World Cup in Germany.
