Jennifer Lopez to Join 'American Idol'?

VIDEO: Sources say Jennifer Lopez is no longer a potential American Idol
WATCH Is J.Lo Too Much of a Diva for 'Idol'?

Is Jenny from the block moving on to "American Idol"?

Multiple reports claim Jennifer Lopez is the latest personality set to fill a judge's seat on the Fox reality competition series, which recently lost almost all of its top personalities -- Simon Cowell, Ellen DeGeneres and Kara DioGuardi.

VIDEO: Joe Perry knocks Steven Tyler off the stage during a Toronto concert.Play
Steven Tyler falls off the stage during a Toronto concert cited anonymous insiders as saying that "Idol" contracts are currently being signed by Lopez, fellow newcomer Steven Tyler and "Idol" veteran judge Randy Jackson. According to Us, an official announcement is expected in early October, before auditions begin for the tenth season.

Nice Money if You Can Get it

VIDEO: Sources say Jennifer Lopez is no longer a potential American Idol judge.Play
Jennifer Lopez Rumored to be Out of 'American Idol'

Deadline Hollywood reported Sunday that Lopez and her representatives are trying to negotiate a multi-project film and television deal with Fox that would include her taking on an "American Idol" judge's role to the tune of $12 to $15 million a year.

Representatives for "American Idol" and Lopez did not immediately respond to's requests for comment.

"Idol" could give the singer/actress/branding diva a much needed career revival. Her star quotient has diminished since her late '90s/early '00s heydey: Lopez's latest movie, "The Back-Up Plan," flopped at the box office earlier this year and in February, she was dropped by her longtime record company, Sony Music Epic Records.

Lopez could join Aerosmith frontman Tyler at "Idol's" judge's table. E! News reported last month that the Aerosmith frontman had finalized negotiations to join "Idol."

J.Lo as 'American Idol' Judge?

With his penchant for oddball fashion, Tyler would certainly serve as the spectacle "Idol" has lacked since Paula Abdul left her judge's seat in 2009. He has, however, had his share of recent problems. Last August, he tumbled off stage at a concert in South Dakota, injuring himself and forcing Aerosmith to cancel the rest of their summer tour. In December, Tyler checked in to rehab for a painkiller addiction, amid talk that the band was looking to replace him.

But Tyler has since gotten his act together, gotten back to performing (though he just fell off stage again, thanks to Joe Perry) and now, perhaps, is looking to expand his brand with "Idol," a franchise that could benefit from a boost of star power.