Holly Willoughby shows off her incredible figure in a chic black swimsuit as she heads to the beach during her summer vacation in Portugal

Holly Willoughby looked nothing short of sensational as she hit the beach on Sunday during her family holiday in Portugal.

The 42-year-old TV presenter has left for her second home in Portugal with her husband, TV producer Dan Baldwin and their three children, for her annual summer holiday.

It was recently reported that Holly and Phillip Schofield could have an awkward encounter during their stay in the Algarve, as sources said Phillip is planning a trip to his nearby villa, while Holly is currently at her £2 million summer home.

Despite the rumblings about the awkward collision, Holly seemed to be in good spirits when she was spotted basking in the sun enjoying a swim in the ocean.

The This Morning host showed off her incredible figure in a chic black swimsuit, which had a plunging neckline and hugged her enviable curves.

Getaway: It was rumored that Holly and Phillip Schofield could be set for an awkward meeting in the Algarve as sources said Phillip is planning a trip to his nearby villa, while Holly is currently at her £2 million summer home

She shielded her eyes behind oversized shades and completed the look with a simple necklace and swept her blonde locks into a casual updo.

After cooling off in the water, the TV personality walked up the beach to her belongings, where she tied a flowing shawl around her small waist.

Holly often spends time with her family in her £2 million Portuguese holiday home, and has done so for many years with former co-host Phillip in his adjoining villa.

After Phillip’s scandal two months ago – when he admitted to having an affair with a much younger colleague – Holly has taken a holiday.

But things could get even more awkward after Phillip revealed he won’t be selling his Portuguese house and will continue to enjoy the sun holidays there.

Sources have claimed that Phillip is planning a trip to his villa, which is located on the exclusive resort, despite the bust of him and Holly – which started when he didn’t tell her about his brother’s trial, which found him guilty of sexual assault a teenage boy over a three-year period.

Phillip told MailOnline: “We have absolutely no intention of selling our childhood home in Portugal.”

Sources say he will be staying there on holiday as he, his wife Stephanie and their two daughters Molly, 30, and Ruby, 27, “absolutely love it there.”

Smiles: Despite the rumble, Holly seemed to be in good spirits when she was spotted soaking up the sun and enjoying a weekend swim in the ocean

Cooling off: She appeared in high spirits as she enjoyed a swim in the ocean

Stunning: The stunner showed off her incredible figure in a chic black swimsuit with a plunging neckline

Drop dead gorgeous: the one piece hugged her enviable curves

Calm: Protecting her eyes behind oversized shades, she completed the look with a simple necklace and swept her blonde locks in a casual up-do

One said: ‘Phil loves his time in the Algarve and will be going there again very soon, which of course means there’s a very high chance he’ll bump into Holly.

“It’s very sad, they had very happy and fun times there together, but why shouldn’t he go back?

“They both own their homes and neither will back down. Can you imagine how uncomfortable it will be? Phillip is deeply sorry for hurting Holly and basically ending their friendship. He apologized to her, but it’s also hard for her to forgive it all.’

Phillip’s holiday home features a swimming pool, beach views and a spacious terrace where he previously hosted Holly and her family.

They were once so close that Phillip would enjoy dinners with Dan, while Holly would have “girl nights” with her former co-star’s daughters and wife Stephanie.

Both Phillip and Holly have shared photos from their holiday on their social media along with other stars such as Declan Donnelly and his wife Ali Astall and Bradley Walsh.

Wrapping up: After cooling off in the water, the TV personality walked onto the beach to her belongings, where she tied a flowing shawl around her tiny waist

Beaming: Holly smiled hugely as she made the most of her escape

Blondie: The beauty tied up her locks with a bright red scrunchie

Not to worry in the world: the blonde beauty seemed at ease as she strolled along the sand

Tie: She tied the shawl tightly around her waist

Holly flew to the Algarve in May after Phillip was kicked out of This Morning.

When Holly returns from her long holiday in September, This Morning will revolve around the presenter, after ITV bosses decided not to make big money hiring them to replace Phillip Schofield.

The Daily Mail revealed that the star will have rotating co-hosts as she heads the under-threat show from Monday to Thursday, rather than chefs poaching a bigger star from a rival show or channel.

Holidays: Holly often spends time in her £2million Portuguese holiday home with her family and has done so for many years with former co-host Phillip in his adjoining villa

Run in: However, it is rumored that Holly and Phillip could end up having a rough run in the Algarve after their falling out as sources said Phillip is planning a trip to his villa

Enter: Sources have claimed that Phillip is planning a trip to his villa, which is located on the exclusive resort, despite the bust of him and Holly

This Morning insiders say it will mainly be Josie Gibson and Craig Doyle, though Holly will be joined sporadically by Dermot O’Leary and Alison Hammond, who currently host on Fridays and holidays.

It means Holly’s dream of being paired with Alison, 48, is over because she’s too busy to work four days on the daytime show, insiders said.

Holly is signing a new contract ‘every day’, which will be even more lucrative than the £700,000 deal she’s already on, it’s rumored.