According to The Hollywood Reporter, Spears’ agent and fiancé Jason Trawick is currently negotiating the singer’s contract, and the deal could be made official as early as next week.
It has been claimed that Spears has been offered $10 million for her role as a judge on the show.
There have been numerous rumors about who would make up the new X Factor judging panel after judges Nicole Scherzinger and Paula Abdul were axed last month. Britney Spears was just one of many celebrities linked to the vacancies.
Janet Jackson was also reportedly named as a possible choice, but is said to have declined an offer due to her busy touring schedule.
X Factor creator Simon Cowell said in a radio interview last month that he is “fascinated” by Spears and believes she would be perfect for The X Factor USA.
“I would think that if she’s managed to sustain in her family life a career which is tough, this is a walk in the park,” Cowell said, but he would not be drawn on whether he had actually approached Spears about judging the talent show.
Hoever, sources close to the show say that Spears is receiving media training in preparation for the show. She will be judging alongside Cowell and LA Reid.
The identity of the fourth X Factor judge has yet to be revealed, and Spears and Fox have not yet commented on her potential involvement with the show.
Auditions for the next season The X Factor USA are now underway.