The 'Thinking Out Loud' hitmaker said the band's lead singer, Chris Martin, and their albums Parachutes and A Rush of Blood to the Head have been critical to his creations, reported BBC online.
"I think Chris Martin is really interesting. I based the first half of my career off Coldplay. + is my Para chutes and X my Rush Of Blood so... The next album will be X&Y," he said.
Sheeran, 23, recently revealed he didn't do his school homework because he was busy trying to make music.
"I was not stimulated by school whatsoever. In almost every lesson I thought, 'This is pointless. What am I going to do with Biology or Chemistry?' I was sure that I could find a job in music.