Rod, 71, wants to mark his tenth wedding anniversary to Penny Lancaster, 44, by inviting the same guests that attended their nuptials in 2007 and hosting a huge party at the original venue in Portofino, Italy.
Rod Stewart and wife Penny want to renew their wedding vows next year
"Next year is our tenth anniversary. We are going to do what we did ten years ago. We are going to go down to Italy with all the same friends and do it all over again," he said on Loose Women, where his wife is a panellist since 2014.
"We are just going to have a re-run. I always maintain that you have got to wait until the right person comes in.
The couple married in 2007 and want to return to Italy next year with all the family and friends
He continued: "Don't just go out with anybody as if the wrong person is there then the right person can't get in."
The Sailing singer also admitted he loves watching wife Penny on the show. "I watch Loose Women every time she is on. I am proud of her. She does a really good job. I don't worry that she says things about me. She would not be married to me if she was that type of girl.
"She is very thoughtful and loving. She is a great mum and I have been very lucky."
They have two children together, Aiden, five, and Alastair, ten
Last year the duo admitted their relationship was stronger than ever. "Our honeymoon period seems to have lasted forever," Penny revealed in a new interview with the Mirror. "We still have a connection like we just met."
Asked for the secret behind their successful relationship, the model replied: "I try and split my time between my eldest child Rod – and my other two boys.
"Most men are needy, especially when you have been in a long relationship before children arrive, and then children do take up a big part of your time and men feel left out a bit. So I make a conscious effort to dedicate time – the two of us going for dinner, or having breakfast. Just a moment among the madness, he still needs attention."
She added: "It's that checking in with each other. You check in with the kids, have they had their dinner, gone to bed at the right time, done homework? But you need to check in with each other as well."