By EW Staff
Updated March 09, 2012 at 05:26 PM EST

Why have Paula Abdul as your loopy-ditzy judge when you can have Britney Spears?

Fox’s X Factor might get a media-buzz upgrade this fall as the show is close to signing the pop singer, according to multiple reports. According to one report, Spears has been offered a hefty $10 million, but is holding out for $16 million.

Spears would fill one of two seats that opened after the dismissal of season one judges Abdul and Nicole Scherzinger.

X Factor chief Cowell previously told reporters, “I’m fascinated by Britney. The fact that she’s one of the most talked about — not just pop stars but people — in the world today, means that you’ve got this star power.”