It looks like music mogul Simon Cowell may be returning to American Idol in a bid to boost ratings.

The 54-year-old X Factor UK and Britain's Got Talent judge has reportedly been offered $15 million to appear alongside his former colleagues, Paula Abdul and Randy Jackson, on the panel of the upcoming final season of the FOX series.

Speaking to the National Enquirer, a source said: ''In the past, the producers had always pooh-poohed the idea of asking them back. But after last season's ratings debacle, execs felt they had to do something drastic. So they're going with the tried-and-true threesome in hopes that the show can go out with a bang.''

It was recently reported that former Spice Girl Mel B has fallen out with Cowell over his attempt for her to live up to her 'Scary Spice' persona on the upcoming series of the X Factor UK.