04/11/2012 09:28 am ET

Britney Spears Judging 'The X Factor': Pop Star Close to Deal (REPORT)

Britney Spears, reality TV judge? The pop star is reportedly close to signing a deal that would see her appear as a judge on Season 2 of "The X Factor," according to

Rumors of Spears' involvement with the show first started in early 2012. She was reportedly offered $10 million to join the show, but countered with closer to $20 million. reports Spears' salary could be close to $15 million.

The search for new judges for "The X Factor" began after Season 1 players Paula Abdul and Nicole Scherzinger weren't asked back for Season 2. Cowell is also searching for two hosts to replace the also axed Steve Jones. Several big names have surfaced as having been approached for the open "X Factor" gigs including LeAnn Rimes, Fergie and Janet Jackson. Both Fergie and Jackson have gone on record saying they will not be part of the series.

"I know there were talks last season and this season," Fergie told "Access Hollywood." “But ... Simon said before [that] timing is everything and it’s not the right time for me."

Rimes' husband Eddie Cibrian confirmed the singer's ongoing discussions. "They've been talking," Cibrian told "Extra." "I have no idea what's going on with that. I think they've been talking to a lot of people."

For the hosting gig, former pro wrestler and actress Stacy Keibler's name has popped up. "Glee" star Darren Criss was also reportedly offered a hosting spot, but turned down the offer.

Cowell and L.A. Reid will be the only two original "X Factor" players on the panel when the show returns for Season 2. No official judges or hosts have been named.

For more on Britney Spears' reported deal, click over to Deadline.