Sources tell the trade that Reid, whose contract with Universal Music is up in December, will leave early to join the Fox singing competition set to debut in September.
Enrique Iglesias, meanwhile, has reportedly been approached to host the series, Deadline reports. The 35-year-old singer has a little experience in that area, having co-hosted Live with Regis and Kelly. He's also appeared on CBS comedies How I Met Your Mother and Two and a Half Men.
Reps for the Fox series did not immediately respond to TVGuide.com's request for comment.
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