London: Former 'The X Factor' judge Sharon Osbourne is all set to return to the musical show after finally agreeing to a 1.5 million pound deal to replace Tulisa.
The star has also agreed with the terms of ITV bosses, who have now drawn up a draft statement confirming her reappointment, the Mirror reported.
The English TV host will come in place of the singer on the panel, whose management has been informed that she is not foremost in their minds for a return.
A source asserted that Osbourne and TV bosses feel there is unfinished business following her first stint on the show and are delighted that she has agreed to return.
The insider insisted that it was never about the money for Sharon, who genuinely loves the programme, and considers her previous time on the panel as being a very fulfilling time in her life.
The source told the publication that despite her ups and downs with Simon Cowell over the years, she has always remained a part of the family and the duo currently enjoys a really close friendship.
Osbourne's return to the music competition is a major boost for the 60-year-old star after her marriage to Black Sabbath rocker Ozzy, 64, went through a rocky patch, after he went back on drink and drugs.
Producers had initially feared that Osbourne might pull out of the deal, but she has committed to the series, which Cowell hopes will be "revitalized" by her return.