The 65-year-old actor - who starred as the iconic British agent from 1995 until 2002 - has heaped praise on Daniel Craig for his performances as Bond, and suggested that London-born Tom is the ideal candidate to eventually replace him.
Pierce explained: "I think a woman could play Bond but it wouldn't be James Bond. Daniel Craig has been an incredible Bond. He's very physical, he looks lethal. You genuinely believe this is someone who could kill a man."
A number of high-profile stars have been linked with the coveted role over recent years, including Idris Elba and Damian Lewis.
But Pierce believes Tom, 40, has all of the necessary talent and experience to make a brilliant Bond.