Cheryl Fernandez-Versini to get '£2 million contract | MarkMeets | Celebrity News, Music, Movies, TV, London Film Premieres

Cheryl Fernandez-Versini will reportedly get £2 million to return to The X Factor.

The former Girls Aloud star is said to have been offered £500,000 extra to rejoin to the show for another series after making her comeback in 2014 after a four year hiatus.

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‘Mel and Louis almost certainly aren’t re-signing, but Simon knows Cheryl is a huge draw,’ a source told The Sun.

A spokesperson for Cheryl and Syco have declined to comment (As always)…which probably means it’s true!!

The paper claims Mel B and Louis Walsh are not set to return as judges for the singing competition, which means it could be the first year Louis doesn’t sit on the panel since the show began in 2004.

Simon Cowell had suggested that Cheryl would be coming back to the ITV show though nothing was ‘set in stone’.

Asked which of last year’s judges – who also include Louis Walsh and Mel B – will be returning, Simon said: ‘Cheryl and me are fine.’

While the new judging panel hasn’t been confirmed, Caroline Flack and Olly Murs have been announced as Dermot O’Leary’s replacement as X Factor co-hosts.

In a statement released to MailOnline, Olly said: ‘I’m incredibly excited and proud to be returning to The X Factor alongside Caroline. I love the show and it kick-started my career in music which has given me the opportunity to do what I love.’

He continued: ‘I already have the best job in the world and it’s about to get better – I can’t wait to get started and be part of finding some amazing new talent!’

Caroline – who previously co-hosted The Xtra Factor on ITV2 for two years from 2011 with Olly – added: ‘I’m beyond excited about presenting The X Factor with Olly. To have the privilege of doing this with someone who makes me laugh out loud is a massive bonus!’

And she had warm words for Dermot, adding: ‘I’m also incredibly lucky to have the best tips and support from my showbiz big brother Dermot. I’m not sure how I can live up to his long term residency but I know I can’t let him down!’

The pair are the first ever duo to host the hit singing show in the UK, following in the footsteps of Khloe Kardashian and Mario Lopez on the US version.

Cowell shared his delight, saying: ‘I am absolutely delighted Caroline and Olly are both returning to The X Factor.

‘When they were on Xtra together, they were a brilliant double act. Since then, Caroline’s gone from strength to strength – and Olly has become one of Britain’s biggest stars. So now I’m looking forward to them fronting the main show.’

The new series of The X Factor returns to ITV in Autumn this year and applications for the new series are open now.

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