Britney Spears, Simon Cowell

Jason Merritt/Getty Images; Ray Mickshaw / FOX

Will she? Won't she?

Speculation on whether or not Britney Spears will join The X Factor for its second season continues, and although Simon Cowell and L.A. Reid addressed the topic (vaguely) during a conference last month, we were still left wondering the same questions.

Until now. The Hollywood Reporter is claiming that Spears' fiancé-agent Jason Trawick is negotiating the contract, and could possibly close the deal as soon as next week.

So what's the hold up?

Money, of course.

A source confirms to E! News that both camps have "been negotiating for some time," and it seems to be mainly on dollar amounts. Our source says Britney was offered $10 million to do the show, but she's holding out for $16 million.

That's her number and she's stickin' to it.

Do you think X Factor execs will give Spears what she wants?

GALLERY: Britney Spears: From American Tragedy to Comeback Queen

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