Jennifer Lopez Jennifer Lopez

Jennifer Lopez is returning to American Idol with a huge raise, The Wrap reports.

The multi-hyphenate has hammered out a $20 million contract to remain with the Fox series for at least another year, sources told the site. Lopez, who earned $12 million last season, has not yet signed the deal, but the deal is complete.

Fox had no comment.

Jennifer Lopez on returning to Idol: "I'm very on the fence about it"

Unlike fellow new judge Steven Tyler

, Lopez did not sign a multiyear contract with Idol last season. In June, she told the BBC that she was "very on the fence" about coming back.Besides Idol, Lopez, 42, is also working on Q'Viva!, a Latin American talent competition series, with her estranged husband, Marc Anthony. Lopez and Anthony separated last month, but their split is not expected to affect the series.

Jennifer Lopez and Marc Anthony split

"Sometimes it doesn't work — and that's sad. But I remain an eternal optimist about love. I believe in love," Lopez told the September issue of Vanity Fair, speaking out for the first time about the split. "Sometimes we don't realize that we are compromising ourselves. To understand that a person is not good for you, or that that person is not treating you in the right way, or that he is not doing the right thing for himself — if I stay, then I am not doing the right thing for me. I love myself enough to walk away from that now."

Lopez added she and Anthony "actually work great together" and that she will always respect him as a singer and a performer. "Together we could make magic — and we did. He will always be in our lives. He will always hold a special place in my heart as the father of my children."