The Daily Mirror is reporting the pair will be replaced by Alison Hammond and Dermot O’Leary.
Eamonn and Ruth, who have presented the Friday show together since 2006, will be given the job of hosting the main programme for six weeks in the summer holidays, when main hosts Phillip Schofield and Holly Willoughby take a break.
Hammond has been a roving reporter for This Morning since leaving Big Brother 3 in 2002.
She and former X Factor host Dermot O’Leary, have previously been paired as stand-in presenters.
Dermot and Alison are expected to finalise their new contracts in the coming weeks.