Tullis-Joyce, who kept a remarkable 18 clean sheets from 30 outings last season, was instrumental to our successes in 2024/25.
Marc Skinner's side finished third in the WSL table after 22 games played and will now play UEFA Women's Champions League football next season.
Phallon also conceded just 22 goals in all competitions, which is a stunning feat given it was her breakthrough campaign for the Reds.
The 28-year-old is now also a fully fledged USA international, having made her debut back in April during a 2-0 win over Brazil.
Remarkable saves against Manchester City in the Adobe Women's FA Cup helped us reach the final of the competition, before we were sadly beaten by Chelsea at Wembley.