The singer is one of fourteen returning contestants who will be taking to the ice again for the final all star series this month.
Bookies have made X Factor star Ray, who won the series back in 2009, the hot favourite to be crowned the champion of champions.
Jessica Bridge of Ladbrokes revealed this week: "Ray's got the X Factor and we're convinced he's going to be crowned as the ultimate DOI champion."
But Ray admitted: “Everybody keeps saying I’m the favourite.
“It’s like they are playing a game to put pressure on me.
“But I went back on the ice for the first time and I was like, ‘Whoa, I don’t like this mate.’ It was like skating through glue.”
Ray's up against some tough competition, with other past winners on the line up including Beth Tweddle, Kyran Bracken, Sam Attwater, Hayley Tamaddon and Suzanne Shaw.
“The competition is so high. We’re all starting on a level now. None of us are starting from scratch," Ray told The Sun newspaper. “The first show is going to be what you would normally see on week six. Nobody realises how difficult it is.
“Everybody keeps telling me it’s at a much higher standard than it was when I did it.
“It’s great to be back, it really is.”
Dancing On Ice starts on January 5 at 6:30PM on ITV1.
See who's on Dancing On Ice 2014 in our gallery below...