Simon Cowell is reportedly on the brink of signing a new deal two year deal with ITV.

The Mirror reports that Cowell’s annual salary will fall from £6.7 million to £5 million.

However, Cowell doesn’t seem upset by the prospect, he said: “I wouldn’t work anywhere else.”

A source told the newspaper: “The deal ensures the budgets for the programmes Simon loves to make are left more or less intact.”