Updated

Britney Spears may not have to go on tour to earn the big bucks.

Simon Cowell has offered the troubled pop superstar $10 million to join the judges panel on his singing competition show 'The X Factor,' Deadline.com reports.

Spears would follow fellow contemporaries Jennifer Lopez and Christina Aguilera from the studio to the small screen. Lopez joined 'American Idol' last season to greats success when Cowell bolted for his new show. Christina Aguilera is one of the four original judges on the surprise NBC hit 'The Voice.'

Both Lopez and Aguilera reportedly make north of $10 million, however, which means Spears may have some negotiating to do if she doesn't want to be seen as the ugly duckling of the group.

Spears, 30, would also have to get over the fact she may not have been the show's top choice, as the Spears report follows rumors that Janet Jackson would fill the 'X Factor' opening.

Jackson put an end to the speculation earlier this month when she told 'The Insider' that she was "very flattered that X Factor let me know that I was being considered for next season, but it just wouldn't be possible."

Jackson's team added that any overtures had been in the preliminary stages.

"There have been absolutely no meetings between Janet and anyone with regard to X Factor," they said.

The first season was 'The X Factor' enjoyed solid but unspectacular ratings, which led to the firing of judges Nicole Scherzinger and Cowell's former 'Idol' co-host, Paula Abdul.

Cowell also said Whitney Houston was being considered to fill a vacant judge's seat before her sudden death on February 11.