Um, Bo’sun may have to experiment.
Got the same problem with 30 year old yellowed bell-wire. A good clean didn’t help, Peroxide next, but I don’t have any,
UV light and heat might be the cause, so more might make the yellowing worse. Or better! Depends on the plastic and we don’t know what it is.
Peroxide is a mild bleach, so no harm trying. Won’t go deep though and don’t rush the process. Try wrapping the wheels in kitchen towel soaked in Peroxide and leave for a few hours to see what happens.
Mechanical cleaning might help, Sodium Bicarbonate scrubbed on via a dampened toothbrush. (Didn’t work for me!)
I’m avoiding anything chemical that might damage my wire. Though unsightly it works and replacing it would be a right pain. Might hide it with paint or white electrical tape.
Dave