Cheryl Cole’s hopes of conquering America took a step closer after it was revealed The XFactor could be turned into a mega hit in the U.S .

Talks are under way for the shows to be made in America with Cole as one of the judges.

The respected Hollywood Reporter magazine said Simon Cowell has opened talks with the Fox Network to transfer The X Factor from the UK to the U.S..

No deal has been finalised and contracts are still being discussed.

It claims Cowell could earn an extra £30million a year from the deal and speculates that Cole and Louis Walsh will form part of the judging panel.

Paula Abdul, who was dropped from the 2010 series of American Idol, is also tipped to be one of the judges.

Cowell, the highest paid British star on U.S. TV, is said to be in negotiations with Fox over his contract for American Idol.

As a judge and executive producer the most popular show on American TV he earns more than £30million a year from its five month run each year.

His contract for Idol is due to end next year, but according to the Hollywood Reporter talks are under way to keep him tied to the series until the 2011-12 season.

The Hollywood reporter said: ‘Cowell, in the final year of his contract on Idol, had been open about his desire to bring his mega-hit British format to the U.S., something he couldn’t do under his existing Idol pact.

‘Now Fox and Cowell are said to be hammering out a deal to launch an American version of X Factor – while locking in Cowell as an Idol judge for two more years, through the 2011-12 season.’