Cowell's representative subsequently denied the report, according to OK!.
So You Think You Can Dance was co-created by American Idol creator Simon Fuller and Nigel Lythgoe -- who served as an Idol executive producer for the first seven seasons of the Fox mega-hit before announcing last summer that he was stepping down to instead focus onSo You Think You Can Dance.
Cowell is said to be close to signing a new two-year, $50 million-a-season deal that will keep him with American Idol through its 2012 edition. As part of the new agreement, the Idol judge and network are also attempting to launch an American version of Cowell's The X Factor reality series.
(Photo credit Fox)
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