The 19-year-old has revealed how his agent held talks with the Italian owner.
For Leeds United it has certainly been a good week. The club, who have been more used to bad news recently, have seen Neil Redfearn return, two new summer signings and one of their hottest talents sign a new deal with the club.
The much maligned Italian has not got many fans at Elland Road but it would appear he got this one right.
“I think it was about three weeks ago. My agent came to meet Cellino and he said that he liked me and he offered me two years.
“There’s always that little bit of worry if you don’t get your contracts to you straight away but I’m quite a calm person.
“I think with the way that I played last season – in those two games I think I did quite well – I obviously made an impression on Redders [Neil Redfearn] and Cellino.”
The 19-year-old midfielder was born in Leeds and made his first-team debut for the club against Wolves in April. He went on to play again against Cardiff City a week later, and scored his first goal in professional football in a 2-1 defeat.
The club clearly have high hopes for Phillips, who will be aiming to join the likes of Lewis Cook, Sam Byram and Alex Mowatt as first-team regulars at Elland Road in the years to come.