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Report: Jennifer Lopez inks $12 mil 'Idol' deal

Signs one-year contract to become a judge on Fox show

Jennifer Lopez has sealed a one-year deal valued at around $12 million to become a judge on Fox hit show "American Idol," according to reports.

A deal would allow Lopez to be at the auditions of the new season of "Idol," which starts next week. Fox declined to comment. It has been mostly mum amid rampant speculation in recent weeks about the judges for the show's tenth season.

People reported that Lopez has finalized a deal after a previous attempt failed a month ago.

Celebrity website TMZ cited a source as saying that her deal was worth "a little more than $12 million."

Deadline.com had first reported that Lopez had received a $12 million contract offer without Fox promises for additional film or TV projects, which she had been hoping to secure.