Though the company has not addressed the price issue further, it said in an email statement to CNBC on Thursday that it remains committed to the item.
"We're bringing back Mighty Wings—stay tuned," McDonald's spokesperson Lisa McComb said.
In an anonymous survey conducted by Janney Capital Markets, analyst Mark Kalinowski in October, some McDonald's franchise owners said the wings were selling poorly because they were priced well above competitors' offerings.
"Mighty Wings are proving once again that we can't sell premium items in large numbers because we still have the Dollar Menu," one franchisee said.
Another owner said Mighty Wings make up less than 2 percent of its stores sales.
Having "too many products on the menu has been causing operational nightmares for years. Mighty Wings are an extremely high-food-cost item."
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According to the WSJ report, franchisees have been told they must participate in another promotion or pay for the excess chicken supplies.
"We are not only having to suffer higher food costs of wings but owner/operators will have to eventually cover the writedown of excess inventory at the distribution centers," a survey participant said.
This story has been updated to reflect McDonald's statement.
—By CNBC's Karma Allen with additional reporting by Katie Little