The retractable wheel lock has a wheel axle assembly that includes a hub forming a housing with an opening. The hub is freely rotatable about the axle. A retractable cable including a male locking element is coiled in the hub and can be retractably paid out from the hub, guided through a frame of an attached bicycle, around a bike rack, pole, or the like, and then back into a female lock socket affixed to the hub to conveniently secure the bicycle in a theft resistant manner. Alternative embodiments allow a rim to rotate freely around the hub.
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