Seal: Reconciliation with Heidi Klum 'May Happen'

01/25/2012 at 03:30 PM EST

Heidi Klum

Heidi Klum

Despite the very real "problems" behind the separation from his wife of almost seven years, Heidi Klum, Seal still doesn't rule out chances they'll get back together.

"It may happen, I can't speak for her," Seal, 48, says on Piers Morgan Tonight. "Is it irreparable? You can never say never. The thing I love most about us is that we are a team … that won't change, whether we get back together or not."

For now, though, the British musician, who is still wearing his wedding ring, sticks by the couple's mutual decision to part ways.

"I don't know at this point, to be honest [if I want to reconcile]. If it were that easy – if there weren't problems, we'd still be together. That is the reality."

One thing is certain; he still has feelings for Klum.

"My love for her has not waned one iota," he says. "I love her with all my heart. How can you not love somebody [who] you've spent eight years with?"

Defending "malicious" rumors that he's "just wearing his wedding ring for show," Seal explains – while pointing out his brown nail polish-adorned finger – "I'm still wearing my wedding ring because I'm still married to this incredible woman."

"What this means to me and what it stands for [is] respect," he continues. "It stands for loyalty, it stands for incredible memories, and it stands for these four little miracles – and Heidi, making five – that have come into my life."

For more on the story behind Heidi and Seal's split, pick up the upcoming issue of PEOPLE, on newsstands Friday

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