ITV bosses are reportedly in "crisis talks" after the departure of Holly Willoughby from This Morning.

The news comes four months after Philip Schofield exited the show and weeks after it failed to secure a National Television Award for the first time in 12 years.

Holly Willoughby announced she would be stepping down from her role as a presenter in a statement which was released on Tuesday.

She said that she had made the "difficult" decision to move on from This Morning, adding: "To everyone who has ever worked on the show over the years, thank you so so much.

"This is a difficult goodbye, you are incredible and I forever will be proud of what we've done together."

ITV reportedly in 'crisis talks' after This Morning suffers 'triple blow'

It has now been reported by the Mirror that ITV bosses are now in "crisis talks" to save the This Morning brand after the show suffered a "triple blow".

In just a short few months, the programme has lost two key presenters in Holly and Philip Schofield and missed out on an NTA for the first time in over a decade.

When This Morning returned to our screens, Rochelle Humes and Craig Doyle took a moment to pay tribute to Holly.

Rochelle said: “Of course, we want to start by sending our love, best wishes, and respect to our Holly," before Craig added: “Holly made what we know would’ve been a heartbreaking decision to leave This Morning after 14 years.”