Louis Walsh has reportedly turned down a £500,000 offer for 'I'm A Celebrity... Get Me Out of Here!'

Louis Walsh

Louis Walsh

The music manager was said to be considering an appearance in the reality TV show after being axed from 'The X Factor' this year but now that Simon Cowell wants to bring him back for the live shows, he has changed his mind.

A source told the Daily Mirror newspaper: "Louis looked like he was in the wilderness. But now he is one of the most in-demand men in TV.

"ITV approached him months ago to do 'I'm a Celebrity'. He turned them down but in recent weeks they have come in again for him with a huge money offer.

"He met them to discuss it but now Simon is offering a place back on 'X Factor' it seems unlikely he will be heading to Australia.

"He can earn a six-figure sum making a comeback on 'X Factor' which doesn't involve eating bugs or doing any horrible tasks or trials."

Louis recently confirmed he has spoken to show boss Simon about rejoining at some point in the current series.

He explained: "Simon said the door was open to me months ago. I talked to him recently. There is a possibility I might end up on the show, but I don't know for definite. I'd like to. I'm available."