Sources say Spears’ fiance and manager Jason Trawick is said to have “been negotiating for some time” with executives for the talent search show.
Simon is said to have initially approached Britney, and recently admitted he was “fascinated” by her and think she would be ideal for the show.
“I would think that if she’s managed to sustain in her family life in a career which is tough, this is a walk in the park,” he said.
A high ranking executive for the show told The Hollywood Reporter the perfect candidate would be someone based in Los Angeles with not just success in the music business, but who is also a parent who wants to spend time with their children.
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