For a graph $G$, $χ(G)$ $(ω(G))$ denote its chromatic (clique) number. A $P_5$ is the chordless path on five vertices, and a $4$-$wheel$ is the graph consisting of a chordless cycle on four vertices $C_4$ plus an additional vertex adjacent to all the vertices of the $C_4$. In this paper, we show that every ($P_5$, $4$-wheel)-free graph $G$ satisfies $χ(G)\leq \frac{3}{2}ω(G)$. Moreover, this bound is almost tight. That is, there is a class of ($P_5$, $4$-wheel)-free graphs $\cal L$ such that every graph $H\in \cal L$ satisfies $χ(H)\geq\frac{10}{7}ω(H)$. This generalizes/improves several previously known results in the literature.