The ITV2 show's ratings have gone through the roof as it grips the nation with its bed-hopping and catchy phrases.
Channel boss Angela Jain told the Daily Star on Sunday: "It is a show that will evolve and live and breathe.
“My hope is that it is going to be on telly for the next five years. So who knows where it will go.”
The reality series fronted by Caroline Flack broke records on ITV2 when it pulled in an incredible 3.4millions for its launch show in June.
It was ITV2's highest overnight rating EVER since records go back.
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The wannabes who have stolen our hearts this summer range from an A&E doctor and pen salesman to a a personal trainer and even a government advisor.
They were chosen out of over 80,000 entries and were described by Caroline Flack as the hottest line up she’s ever seen.
Fan favourites of the show from last year's series have even go on to make their own TV shows off the back of Love Island.
Chris and Olivia starred in the ITVBe show Crackin' On which detailed their time out of the villa up until their break-up.
Chris and Kem also topped the iTunes chart with their single a Little Bit Leave It.
It's thought they're paid just £2.80 an hour to appear on the series, but are expected to land lucrative deals once they're out of the villa.
Despite some people – mainly Piers Morgan – taking aim at the show for focusing on sex on TV, Love Island won a prestigious BAFTA TV Award.
It took home best reality and constructed factual category at the awards earlier this year.
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