After months of rumors, negotiations and allegations of sabotage, it seems Jennifer Lopez is officially onboard as the newest judge on 'American Idol.'

PEOPLE is reporting that Lopez has inked a $12 million deal to join FOX's hit music competition show for its tenth season. While neither FOX nor representatives for Lopez have commented on the deal, a source close to the singer-actress says she is "very excited." The one-year deal was also confirmed by TMZ and PopEater's Rob Shuter.