Phillips, 29, will reportedly be the star of the next installment of ABC's ridiculously popular reality/dating show, "The Bachelorette" (search) starting Jan. 14, according to TV Guide.
The green-eyed model from Los Angeles was eliminated from the most recent installment of "The Bachelor" last fall on the same episode that she took Guiney to her grandmother's grave when he visited her family as part of a one-on-one date.
ABC officials declined to comment yesterday, but said they plan to announce the new "Bachelorette" next week.
"The Bachelor" and "Bachelorette" franchise has quickly turned into one of the brightest spots on ABC prime time schedule and even spawned a new wedding-themed miniseries.
Since it began airing in Spring 2002, each installment's finale has drawn large ratings.
The most recent finale of "The Bachelor" was seen by 18.6 million viewers, while the second season's finale last fall, featuring Aaron Burge, was seen 25.9 million viewers.
"Trista and Ryan's Wedding" (search) featuring Trista Rehn - the former star of the "Bacherlorette" and a finalist on the original installment of the "The Bachelor" - is also expected to draw big ratings next week when it wraps up its three-week run with a special two-hour finale.
The episode will feature the actual wedding of Trista and fiancé Ryan Sutter (search), who was among the 25 suitors competing to win her love on "The Bachelorette."
So far, "Wedding" episodes have focused on the planning and pre-nuptial plans for the ceremony that is estimated to be valued at about $1 million.
Last night's edition featured the bride and groom's elaborate bachelor and bachelorette parties.
Meanwhile, the impending nuptials have turned Trista and Ryan into one of the best known reality-show couples ever.
The fact that they've been featured on the covers of numerous magazines and appeared on "The Oprah Winfrey Show" (search) and "Good Morning America" hasn't hurt either.