spears120612_02_X17crop230.jpgLooks like Britney Spears is heading to Planet Hollywood in Vegas, an according to Extra report.

The TV show claims Brit's will sign a multi-million dollar deal to take up residency at one of Caesars Entertainment Group's properties.

Reports say Britney's team is deciding between Caesars Palace and Planet Hollywood.

Extra adds that a formal statement confirming the negotiations is due out soon.

A dollar figure for the contract hasn't been released, however many are speculating that Brit's long-term deal will be worth more than $100 million. Considering her performance on the X Factor last season, sounds like this could be quite the gamble.