TV
Rex Features
The 46-year-old has agreed a two-year contract which will see him pocket £900,000 for Dancing On Ice and £750,000 for This Morning, reports the News Of The World.
A source said: "Phillip's hit gold. He’s one of the best loved and busiest guys in the business, and that’s reflected in what ITV are prepared to pay him.
"The bosses know he's the housewives' favourite and would hate to see him defect."
ITV executives are said to have met last month to thrash out Schofield’s terms.
More: Philip Schofield, TV
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