The duo has already been fronting the ITV daytime show for a decade, but aren't ready to call it quits any time soon.
"I'd be quite happy [to continue], so long as I'm in good health and Holly is too," Phil, 57, shared.
I hope it continues to be in people's front room for the next ten years.View this post on Instagram
"It's an evolving show, you never know what direction it's going to take, you know none of us know what direction life is going to take."
While Holly, 38, said: "I hope it continues to be in people's front room for the next ten years. I hope it continues to grow, I feel that's a real strength of the show.
"It's always adapting and changing, so I think as long as it continues to do that and know when it's serious and know when its not taking itself too seriously, there's no reason why it can't be around for another 10 years, or another 20."
Holly and Phil have grown incredibly close over the years and their families regularly holiday together in Portugal during the summer break.
They've formed such a close bond, Phil said he considers his co-presenter as the "sister [he] never had" and admitted he knows everything about her.
"For me in Holly, it's someone I trust entirely and completely and someone who trusts me, not just on the telly but, you know, with our lives," he explained.
"I don't think there's anything that we don't know about each other, we know each other's strengths and each other's weaknesses.
View this post on Instagram
"If one is feeling down, the other one will be there to prop them up and make sure they're OK. She's like the sister I never had."
He added: "I adore my brother, but I never had a sister and Holly is like my younger sister and that's a lovely position to be in."
On Father's Day, Holly proved that the feeling is entirely mutual when she heaped praise on her co-star in a sweet social media tribute.
Holly posted a picture of them together at the National Television Awards after they won the award for Best Daytime Programme.This Morning star Holly wrote: "Talking of important men in my life on Father's Day. Here's another one. My partner on the telly and one of my best friends in the world... love you."
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