Both of their autobiographies are released on the same day, so it seems the pair have been working hard on their new projects during lockdown.
Famously opinionated journalist Piers will take a look at cancel culture and discuss the concept of being "woke" in the modern world in his book.
Morgan told his 7.6million Twitter followers in a post on release day: "BREAKING: PUBLICATION DAY!
"If you're sick of being told by the howling woke brigade how to think, speak and behave, or what to watch, laugh at, eat or drink - then you'll love my new book.
"It's time to cancel the cancel culture."
Phil's book on the other hand is something the host has been wanting to write since he was just 14 years old.
It's a tell-all autobiography about his life, and Phil revealed he began writing the emotional memoir years ago.
When he first announced his book in July this year, Phil told his Instagram fans: "I wrote the first line of the book, in my head, when I was about 14. It took me until 2017 for me to finally write the first chapter and then I stopped because the time wasn't right."
He also said in the lengthy post: "Finally, in Lockdown, I knew that all the pieces of the jigsaw had been put into place and I was ready to write..."
In February this year, Schofield came out as gay in an emotional Instagram post and a moving speech moments after on This Morning.
Appearing on The One Show on Wednesday, Phil admitted that he couldn't have gone ahead with it if it wasn't for his co-star Holly Willoughby.
The dad-of-two said: "We'd had a big lead up to that moment. When I knew what I had to do, Holly was one of the first people that I told.
"She's such a wise person, she's got such a calm, sensitive aura to her. Everyone at home was saying, 'It'll be ok, it'll be ok', and Holly was saying, 'It'll be fine'."
Both Wake Up by Piers Morgan and Life Is What You Make It by Phillip Schofield are out now