Dermot O'Leary is reportedly set to host The X Factor for the next FOUR years.
And he's et to get a MAJOR fee for his time, with The Sun newspaper reporting that Dermot will scoop £8 million through his new deal.
It'd make Dermot the UK's best paid solo presenter, earning a total of around £3 million a year thanks to other work on BBC One and BBC Radio.
"This is the comeback of all comebacks for Dermot," a source said this evening. “Just one year after Cowell axed him, he’s signing the contract of a lifetime."
The insider claimed: “It’s completely unheard of for one presenter to be paid £8million to host one show. There hasn’t been a deal like it since Jonathan Ross was getting millions a year from the BBC to host his chat show."
A spokesperson for ITV declined to comment on its talent contracts.
Dermot was dropped from The X Factor last year in what show boss Simon Cowell previously admitted was a mistake.
"I think there was probably a misunderstanding," Simon explained earlier this year. "I thought he wanted to go and he probably thought I wanted him to leave. Neither of us, being stubborn, spoke to each other and then we realised that we miss him."
Dermot's comeback isn't the only one this year with Sharon Osbourne, Louis Walsh and Nicole Scherzinger all returning to the judging panel alongside Simon.
The X Factor 2016 is expected to start next month.
Right now the show's contract with ITV ends at the end of the year but is widely expected to be extended until 2020.