August 11, 2010 at 04:38 PM EDT

Jennifer Lopez is reportedly out of the running to be part of American Idol‘s season 10 judges’ panel, a well-placed source tells People. With Simon Cowell and Ellen DeGeneres both having exited Fox’s ratings juggernaut, the network has been looking for suitable celebrity replacements. J. Lo had been widely rumored to be in the final stages of inking a deal, but it reportedly fell apart due to her demands. A Fox spokesperson declined to comment on the story.

In an interview with EW last week, newly returned exec producer Nigel Lythgoe stressed the importance of chemistry between the judges, as opposed to their individual star wattage. Stay tuned to EW.com for more Idol updates.

More American Idol:

Nigel Lythgoe endorses Randy Jackson returning

Harry Connick Jr., Shania Twain, three others ‘highly unlikely’ as judges

Poll: Which new face would you like to see at the American Idol judges’ table

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