TV duo Ant and Dec have signed a multi-million pound deal to stay at ITV for the next two years.

Reports that the pair's contract would be worth a stunning £40 million, the biggest in history, were denied by a source today.

But their deal is likely to match or even eclipse the likes of BBC star Jonathan Ross - £18 million over three years - and Simon Cowell, who was paid £20 million over three years by ITV.

The pair, whose new contract runs until the end of 2009, joined ITV in 1998 as presenters and co-creators of entertainment show 'SM:TV Live' and music show 'CD:UK.'

The stars, who have been signed exclusively to ITV since 2000, have been the face of hit shows like 'I'm a Celebrity...Get Me Out of Here!,' 'Ant and Dec's Gameshow Marathon' and 'Pop Idol.'

The deal still allows the cheeky duo, who have just filmed a pilot for new game show 'Wanna Bet' for US channel ABC, to work in the US.