Tyler closer to signing on for 'Idol'

Several sites are reporting that the Aerosmith frontman has signed on the dotted line to be the next "Idol" judge" and one source close to the situation told Variety, "I think it's true and probably done."

Tyler's name has been floated around for several weeks but all of it has been speculative. When called to discuss the latest Tyler talk, Fox said they would "neither confirm nor deny" the reports.

The show definitely has one judge's seat to fill and most likely two. After one season, Ellen DeGeneres is officially off the show and Kara DiGuardi is likely to be replaced as well. Randy Jackson seems secure.

With Simon Cowell gone and readying for the fall 2011 launch of "X Factor," Fox will probably bring the judges panel down to three from the four of last season.