Phillip Schofield has signed a new £2 million deal with ITV.

Phillip Schofield

Phillip Schofield

The 'This Morning' host's latest contract will keep him at the channel, where he presents 'The Cube' and 'All Star Mr and Mrs' along with his daily chat show with Holly Willoughby, for the next two years.

Speaking to The Sun, Phillip said: "We do two-year deals. I've signed the next one. I love working with the ITV team.

"You can never say never, whether ITV said 'thank you very much, it's been amazing' and you go and play elsewhere or the other way round, but there's certainly no plan. That would be a big day."

Phillip also admitted that he would quit 'This Morning' if his co-host Holly did as he feels their chemistry is key to its success.

He said: "I would quit if Holly would. There's no agenda there, it's just the fact that we work together so well that the show's successful.

"I think we'd probably both make the decision together and that's always been the plan."

Speaking previously the presenting duo admitted that they enjoy their on-screen partnership so much, they can't imagine the thought of fronting the show with anyone else.

Phillip - who was joined by Amanda Holden and Christine Bleakley when Holly was on maternity leave last year - said: "We know each other really well. I'd go so far as to say that if Holly said, 'I don't want to do it any more', then I would follow. I don't think I would do it with anybody else full-time."

Holly added: "I couldn't agree more."

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