230bspears082811_01_X17.jpgBritney's back, y'all!

Its been reported recently that the newly engaged Princess of pop is negotiating a contract to serve as a judge in the next season of X Factor, and a deal could be signed as early as next week, according to THR.

Apparently it was show creator Simon Cowell who made the decision to approach Miss B, after ratings from the first season were less than stellar, and Paula Abdul, Steve Jones and Nicole Scherzinger failed to bring any added drama to the show.

While speaking with reporters in February, Cowell hinted that “there’s going to be a lot of twists and turns over the next few weeks and a lot of things we’re going to announce," but remained vague on the details.

X Factor auditions kick off on March 1, and if Brit will be there, we're definitely watching!