Ryan Seacrest is staying with American Idol.

Fox has announced Seacrest has signed a new contract to continue serving as host of American Idol for two more seasons.

"For the last 11 seasons, I've had the privilege to be a part of one of television's most iconic shows. It's been a wild ride, and I'm excited for my journey with American Idol to continue," Seacrest said in a statement.

"The legions of fans, amazingly talented contestants, judges, and producers, along with the hard working Idol crew, impress me every time we go on air and make hosting the show a dream job. I especially appreciate the support and confidence of Peter Rice, Mike Darnell and the entire Fox team -- as well as the support of everyone at FremantleMedia North America -- and I look forward to continuing our partnership."

According to reports, Seacrest's new deal is worth $30 million and he'll make $15 million a year for each of the two seasons  -- which is basically the same amount he reportedly received when he signed his current soon-to-expire three-year, $45 million deal back in 2009. 

"Ryan is one of a kind," Fox reality chief Mike Darnell added. "His ability to engage the viewers, keep the contestants at ease during intense moments and adapt to any situation, especially during the live shows, solidifies him as the absolute best in the business. He is an integral part of why American Idol is a true phenomenon, and we can't imagine doing this show without him."

Both CEO of FremantleMedia North America, Cecile Frot-Coutaz, and Idol executive producer and creator Simon Fuller are equally ecstatic to still have Seacrest onboard.  

"I am thrilled that Ryan will continue to be the face of American Idol. He runs the show with such expertise, warmth and charm that he makes one of the hardest jobs in television look easy," Frot-Coutaz said in a statement. "He is one of the best in the business and we are lucky to have him."

"Ryan has been with American Idol from the very first day. I can't imagine the show without him," Fuller explained. "He is the consummate host and an exemplary professional. Having Ryan continue to be a part of the American Idol family is great news for everyone."