The 26-year-old musician although said he has not been approached to write a song for the Agent 007 films yet.
"With Bond, I've had a theme tune written for about three years, just in case!" Sheeran said on Ireland's "The Late Late Show".
The "Shape of You" singer said his Bond theme is "good", but he did not want to give away any details about the song, including the title.
Sheeran added his collaboration with Eminem, 'River', was also a something he had had ready with him for a while.
"I just recently did a song with one of my all time heroes, Eminem and when we did the song together I had already had this song. It's the same with Bond. If ever I am called, I will be like, 'Here you go'," he said.
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