According to WWD, Philo is preparing to launch a collection with an "eco slant and essentials focus" - something of which she has been secretly planning ever since leaving Chloé back in 2006.
Whilst we impatiently await further whispers, let's reminisce over some of the greatest runway hits we have the one and only Phoebe Philo to thank for.
The Phoebe Philo hair-tuck
Whether it's because we couldn't find the time to wash our hair or under the threat of drizzle, we've all given the great Philo hair-tuck a good go - even if it didn't quite deliver the Instagram-worthy results we hoped for.
But it wasn't merely the turtlenecks which graced the runway which continues to inspire our rainy day hair of choice but the designer herself champions the look with an innate ease the Olsen twins most certainly stole.
The shouldn't-work-but-it-does furry slider
Forever introducing us to items we didn't know we needed but now can't live without, Philo's models were sure to have been pleased to shuffle down the runway at the spring/summer 2013 show.
The designer whole-heartedly threw herself into the ugly-but-oh-so-chic sandal trend by lining her chunky soles with fur.
Although they divided fashion critics, soon cross-legged Fashion Week attendees were showcasing their Philo 'furkenstocks' at show after show after show.
The laundry bag phenomenon
In a move nobody could have predicted (and certainly nobody but Philo could pull off), the humble laundry bag - often found proudly hung high in the market stalls of London - inspired the designer's autumn/winer 2013/2014 collection.
The unmistakable print was reimagined in the form of structured coats, slouchy clutch bags and roll-up sleeves.
The Phoebe Philo trainer effect
Hands up, who else rushed out to purchase a pair of Stan Smiths all thanks to Philo's unwavering love affair with the trainer brand?
The designer is responsible for our attempt at sporting athleisure be it desk-side or on the airport dash - giving runway fashion a whole new meaning.
The glove shoe is born
We've all stretched a high street ballerina pump over our feet all thanks to the 'Philo Effect'. At the Céline spring/summer 2015 show, models stomped down the runway in glove shoes paraded in maroon, tan, gold and white.
Before we could even question the creation, it was afoot every name in the industry at season-after-season of Fashion Month.
The giant scarf
Philo was the pioneer of practical fashion. Case in point: the super scarf she sent down the runway for autumn/winter 2017/2018.
No longer was a scarf purely to bundle up from the winter chill because it's an accessory, people.
Mismatched shoes made cool
Ever left the house with odd shoes on? Next time anyone passes judgement on your accidental Monday snooze, remind them: "It's Philo, darling!"
Purposefully bold booties and strappy numbers underwent the wrong-shoe treatment with delightful results we could only dream of pulling off.