Simon Cowell is set to take The X Factor to US screens after extensive negotiations with Fox TV, according to reports.

The Mirror says that the mogul has struck a deal worth around 65 million pounds to export the show to the States – although he will stay behind the scenes as a producer.

Cheryl Cole, Louis Walsh and Paula Abdul are among those said to be in the running to join the judging panel.

The paper reports that Cowell landed the big-money contract as part of his latest American Idol deal, which Fox has been keen to renew for a further two years.

“Simon knew how much they needed him for Idol but there was no deal until they agreed to do X Factor,” an insider said.

“It’s been a long hard slog but we got there.”

Cowell’s spokesman Max Clifford denied that any deal had been done – but speculation is mounting that Cowell will announce the deal at his 50th birthday party next weekend.

“The deal has been virtually done for the last two weeks but there are still a couple of loose ends that need to be tied up,” a source told the Mirror.

“There has been lots of to-ing and fro-ing but things are pretty much there.”