Phillips said that it would be an appropriate tribute to the show if all the programme's winners and notable contestants were brought back for a final run of the reality series.
"I think the best thing for next year's final show would be for C4 to go out with a bang in style by making 2010 a best of the best show - with all the ten winners, perhaps some surprise Celebrity BB housemates and notable BB contestants from the years entering the house.
"I think the public would be engaged with their favourite characters returning and it would be great to see how the winners bond or not bond as the case may be.
"This would be a great way to celebrate one of the most important shows in recent television history."
He continued: "Imagine how a Geordie stud, a Welsh actress and model, a Scottish fisherman-turned-broadcaster, a transgender, a Tourettes sufferer, an Essex boy, an Irish gay gent, a top lady DJ, this year's winner and myself, a Liverpudlian builder, would get on!
"We all might have something to prove as we are all competitive and would like to be the ultimate Big Brother winner. We would all be competing hard to win the public's votes and perhaps funds could go to appropriate cancer charities in memory of Jade Goody."
He added: "I for one would certainly be happy to discuss something like this with Endemol and C4, and would be willing to help them to bring all the winners together and make this final year as exciting and entertaining as possible."
Channel 4 confirmed speculation yesterday that next year's run of Big Brother will be its final series with the broadcaster.