"For many Americans, this is not a laughing matter", Morgan said, pointing out the regime's oppression of its own people and its recent ballistic missile and nuclear tests.
But the five-time National Basketball Association champion, who is one of the only Americans to meet Kim, said he would like to "straighten things out" amid a nuclear standoff between the United States and North Korea.
North Korea claims that leader Kim Jong Un oversaw the test of a hydrogen bomb on Sunday that could be attached to a missile capable of reaching the US homeland.
But he said, "If the president even tries to reach out for Kim, I think it will be a great possibility things can happen".
Obviously, "reaching out" in the midst of nuclear tensions can never be a viable option.
I can't wait to tell my grandkids about how Dennis Rodman saved the world.
Rodman also told "Good Morning Britain" he's extended an invitation to past world leaders to meet Kim.
In an interview on Good Morning Britain, the sports star discussed his relationship with the dictator, describing how they bond over riding horses, skiing and singing karaoke.
Rodman however said he "loved" President Donald Trump, to whom he was grateful for giving him the opportunity to appear on his show, Celebrity Apprentice, in 2013, around the time of his first trip to North Korea.
He said the relationship between the U.S. and Russian Federation had changed "but for some reason with have a big issue with North Korea".
Talking about his unlikely friendship with the North Korea leader, he said they sing karaoke and ride horses together.
"I'm not defending the marshall of North Korea, I'm not defending him, I'm not defending the fact that what he does is for his country and his leadership", Rodman replied. "For me to see him gives me a different view about the country, because I see it". In the past he met you, so our people all know you well.
He concluded: "I don't love him".