He said: "I love Phoenix Nights and I would love to go back. I've got a lot of ideas about Phoenix Nights.
"In fact, there's a whole series three been written for about the 15 years."
The show ended in 2002, but was followed up in 2004 with a spin-off in the form of Max And Paddy's Road To Nowhere.
The series saw the two Phoenix Club bouncers, Max (Peter Kay) and Paddy (Paddy McGuiness), as they embarked on their easy-rider lifestyle.
Paddy McGuiness, speaking exclusively to LADbible, said the radio phone-in was a classic Kay stunt.
Credit: Channel 4/Max and Paddy's Road To Nowhere
McGuiness said: "Let me tell you this, and this is coming straight from the horse's mouth, he does that. He goes on things, says we're doing it, and we never do."
Don't panic though readers, Paddy isn't saying it's a definite no...
"He'll [Kay] go on something and say 'we're doing this' and then he steps back out the limelight, and then, because I do more chat shows than him, I get asked 'when's Phoenix Nights coming back, it's written, isn't it?' and I'm like 'is it?'."
Now Paddy McGuiness has had his say, telling LADbible that he has 'no doubt' both shows could return to our screen.
"We've always said we'd like to do it again," said McGuiness. "And I know we've got stuff written with Max and Paddy as well, but that will be when it will be.
"I know with Max and Paddy, we have two one-hour specials in the bag - so that's done.
"We've been mates since we were kids, and you know, we're always talking about doing things but I've no doubt that one day we'll get back together. But I wouldn't hold your breath at the minute."
The Bolton comics had just a one-series-run with Max and Paddy, with the show ending with the pair on the run again.
Credit: Channel 4/Max And Paddy's Road To Nowhere
Paddy, who stood on the doors of the Phoenix Club alongside Peter for 12 episodes, said that the public's hunger for Phoenix Nights is still huge - something he learned during the live shows two years ago.
"Phoenix Nights Live was fantastic, and what was really fantastic about that was the £5 million we raised," McGuiness said.
"We had a lot of fun, and everyone was happy. Even though it's so long since Phoenix Nights, we did a string of nights and played in front of 15,000 at the arena, so the appetite is still there.
"It was lovely to be involved with and see all the cast again - it was like we'd never been apart really."
Credit: Channel 4 / Phoenix Nights
It all sounds rather positive from McGuinness, but like Kay, he agrees at the moment the pair are just too busy doing other things.
Paddy is about to star in the Keith and Paddy Picture Show on ITV.
Alongside Keith Lemon, Paddy recreates his favourite movies with celebrity cameos.
McGuinness told LADbible: "My kind of thing at the minute, is the Keith and Paddy Picture Show, because I've invested so much into it, so much passion. Not just me, but Keith and the whole crew, so that was great.
"Anyway, he's still doing bloody Car Share, so what's he [Kay] on about?"
Featured Image Credit: Channel 4/Max and Paddy's Road To Nowhere