The X Factor: Dermot O'Leary ‘set to RETURN as presenter in desperate bid to reboot show'
DERMOT O’LEARY is returning to The X Factor following the departure of co-hosts Caroline Flack and Olly Murs, according to reports.
The presenter has reportedly agreed to go back to the ITV talent show after just one series away from the singing competition.
And the presenter is said to have the full backing of Simon Cowel
While details of his return are still being finalised, an insider has said the 42-year-old, who was previously paid £1million a series, can "name his price" on a potential three-year contract.
The source told The Sun: "Dermot will come back to The X Factor. Talks are under way on his deal but everything is positive.
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"Everyone including Dermot and Simon has the will to make it work."
Since leaving the show it has been suggested that the TV star is in a much more powerful position.
Another source said that Dermot could front the show for the rest of his life: "Producers have realised you can't take any risks with the presenter of the show.
"You need someone really good who can cope with live TV. It is a massive skill and there are not many people who have it."
They continued: "There is even talk Dermot cold be offered the presenting job for the rest of the show's life when a new deal is signed with ITV. Bosses are looking at a two or three-year contract for him."
An X Factor spokesperson said: "Discussions are ongoing about the new series. Details will be announced in due course."
The news comes just hours after Caroline said she was "devastated" and "embarrassed" to be axed from the show.