Mr Woolley was reportedly contacted by a concerned relative after Mr Dymond was left in a highly emotional state following the recording.
"This decision is not in any way a reflection on the show, but the best way we think we can protect the show and the production team from this reaction we expect to this death", she continued.
The episode with Steven, during which he took a lie detector test, will also not be broadcast.
What Allegedly Happened To Steve Dymond?
A spokesman for the Ofcom broadcasting watchdog said Mr Dymond's death was "very distressing".
He was told he had failed it and was found in his flat in Portsmouth last Thursday, May 9. It's reported that he appeared to have died from an overdose of prescription medication, which he was taking for arthritis.More news: Iran Jails Its National For Spying For The UK
An inquest into Dymond's death will be opened in the next few days, and the coroner is awaiting the result of the post-mortem investigation. "As much as he was a pig to me I still loved him".
"The Jeremy Kyle Show has significant and detailed duty of care processes in place for contributors pre, during and post-show which have been built up over 14 years".
'Everyone at ITV's thoughts and sympathies are with the family and friends of Steve Dymond.
"ITV will not screen the episode in which they featured".
ITV said it would offer support to all Love Island contestants rather than just those who ask for it, although the broadcaster's chief executive, Carolyn McCall, said the duty of care can not last indefinitely.
Jeremy returned to radio past year with a weekly show on talkRADIO, but he presented his last show on March 30th 2019.More news: Saudi pumping stations struck by drones carrying explosives, says minister
Philip Clements and Florin Marin appeared on The Jeremy Kyle Show.
For their experience, Jane Callaghan said that the Jeremy Kyle producers were "brilliant" and that for Dymond in particular, they were "really persistent in offering him help". Now, the show has been cancelled.
ITV faced scrutiny over its support for reality show talent following the deaths of former Love Island contestants Sophie Gradon and Mike Thalassitis. Both also died of suspected suicides.
The broadcaster has pulled the Jeremy Kyle Show from the air "indefinitely" following the tragedy, with episodes being pulled from their online streaming service ITV Hub. It's clear that this story isn't finished yet.
Morgan discussed the issue with Lord Alan Sugar, who detailed The Apprentice's extensive aftercare programme before adding: The Jeremy Kyle Show is a different kettle of fish, unfortunately.More news: 'Arthur' character Mr. Ratburn comes out as gay in touching wedding scene