The boy band – Duncan James, Simon Webbe, Antony Costa and Lee Ryan – will run the drinking institution, which will be managed by the former Apprentice star, reported The Sun.
The as-yet-untitled programme, which is expected to get a primetime slot on ITV’s new channel, ITVBe, will finish shooting before Blue’s Big Reunion tour in October.
A source told the paper that Luisa will keep the guys in check, saying: “Luisa won’t let the boys rest on their laurels. Everyone saw her wild side on Celebrity Big Brother and the bosses are hoping that side will come out in Ibiza.
“It could get very, very messy,” they added.
Luisa and Lee took part in the 13th series of Celebrity Big Brother in January, which saw Jim Davidson crowned the winner. During her time on the show, she gave him advice after he got caught in a love triangle with Jasmine Waltz and Casey Batchelor.