Cheryl Fernandez-Versini is reportedly set to receive a large figure deal to join the mentoring panel on 'The Voice'.

Cheryl Fernandez-Versini

Cheryl Fernandez-Versini

The 32-year-old singer has decided to step away from her judging gig on rival show 'The X Factor', which she has had since 2014, yesterday (05.04.16) in order to focus on music.

But it seems bosses of the singing show are willing to "break the bank" in order to lure the brunette beauty into claiming a red spinning chair alongside her friend will.i.am next year.

A source told the Daily Star newspaper: "Cheryl and Will would be a dream team for producers. Their natural chemistry as friends would be amazing for the show."

However, producers are only assuming the Black Eyed Peas singer - who has mentored on the show since it began five years ago - will return to the panel when the BBC One programme shifts across to ITV at the end of this year.

But will.i.am said recently: "The only reason why I come back to do The Voice - it's not because it's a big pay day - it's because it's the BBC! So I don't know (what I'll do)."

And it seems it will take more than just money to persuade Cheryl to put her music on the back-burner for another year.

Speaking about her decision to leave 'The X Factor', she said: "I have learnt so much and enjoyed nurturing talent but I've missed making music and am excited to be recording again. I want to thank everybody I have worked with along the way, especially Simon who I love to bits. I hope the show continues to produce stars and I wish them all the best."

The brunette beauty initially joined the ITV show in 2008 until she left in 2010 - during which time she mentored Alexandra Burke and Joe McElderry to victory - before returning four years later for another two years.