There were rumours earlier in this year that Olivia could end up in the house for the new series in January.
And now she's said she's up for it, as long as boyfriend and Love Island co star Alex joins her.
"I don’t think that I’ll ever be done (with reality TV), I’d never say never, you never know what’s going to happen," Olivia said. "I loved the experience of Love Island and if I could do something similar with Alex then I don’t think I could say no.”
Asked by The Sun newspaper if she would take part in Celebrity Big Brother in particular, Olivia told the newspaper: “If Alex came with me I’d go for it.”
Celebrity Big Brother returns to Channel 5 on January 3 for what will be its 19th series.
Channel 5 last week confirmed that the new run of the show will - as widely rumoured - see a mix of former Celebrity Big Brother housemates as well as new faces.
New stars linked to the line up include recent I'm A Celeb winner Scarlett Moffatt, TOWIE's Danielle Armstrong, reality TV regular Bianca Gascoigne and snooker ace Ronnie O'Sullivan.
Meanwhile, past 'all star' housemates who are rumoured to be returning include Jedward, Angelique 'Frenchy' Morgan, ex Strictly pro James Jordan, Katie Price, Nicola McLean, American couple Speidi - Spencer Pratt and Heidi Montag - and model Jasmine Lennard, as well as most recent winner Stephen Bear.