On Wednesday Reed said: "The truth is the truth. You've got to put your players in a position to make plays."
Phillips parroted his "the truth is the truth" quote the end of his comments about their last interaction before breaking into a wide smile.
He also questioned the way Reed is handling this situation.
"There's players cut, coaches fired. There's disappointments in this league and in life," said Phillips, who was fired as head coach of the Cowboys in 2010. "I believe the way you deal with those things tells a lot about what you are and who you are."
Despite their differences, Phillips still views Reed as a Hall of Fame player and said it's time for the team to move on.
"I don't think he's going to ask me to induct him into the Hall of Fame, give the Hall of Fame speech for him," Phillips said with a laugh. "But when he does go into the Hall of Fame, where ever I am, I'm going to be clapping my hands and saying, 'Hey, well deserved.' Because he's been a great, great player in this league."
AP NFL website: www.pro32.ap.org