The Leeds United midfielder is excited to work under Garry Monk.
The 20-year-old made 12 first-team appearances last season, scoring his first goal for the club in a 2-1 defeat to Cardiff City back in April.
He was used only sparingly in the latter stages of the campaign yet he is highly rated at the club and he could have a very bright future under new Leeds manager Garry Monk.
Phillips was quick to praise the former Swansea City boss after putting pen to paper on a new deal, and he will be hoping to impress in pre-season to make an early claim for more senior starts.
“I’m just happy that the gaffer’s got trust and belief in me,” Phillips told leedsunited.com. “I’ve heard a lot of good things about him and that he’s good with young players.
“Personally, I want to do better than last season and get more game time.”
If he works to his full potential during training there is a good chance he can do just that, but with Leeds expected to bring in some new players this summer competition for places is only going to get tougher.
Whatever happens, the future looks bright for Phillips – the latest exciting youngster to come through the ranks at Elland Road.