It is argued that in the two-dimensional principal chiral model, the Wess-Z
umino term may be induced quantum mechanically in a manner analogous to the
theta-term in QCD. Our argument is based on the fact that the configuratio
n space of the model has a structure topologically identified as a sphere,
and that the Dirac monopole potential, which is induced on the sphere by in
equivalent quantizations, appears in the guise of the Wess-Zumino term. Our
result suggests that, at the critical value lambda(2) = 8 pi/\k\ of the co
upling constant, the principal chiral model belongs to the same family of m
odels with the Wess-Zumino-Novikov-Witten model at the quantum level.