Little Mix have allegedly been offered the chance to have their own Saturday night TV show on BBC One, which will follow the girls in their own search to find the next big pop band.
And unluckily for Simon Cowell, it's also been reported it's set "to rival the X Factor" as the next big entertainment show.
According to The Sun, Jade Thirlwall, Perrie Edwards, Jesy Nelson and Leigh-Anne Pinnock are expected to sign on the dotted line within the next week, with the show set to be called Little Mix The Search.
An insider told the publication, “This show is huge for Little Mix but it will be a massive blow for Simon.
“The X Factor’s viewing figures have fallen for years but this could be the nail in the coffin."
CHECK OUT: 5 times Little Mix stole the show at The BRIT Awards
5 times Little Mix stole the show at The BRIT Awards SLIDER
1 of 71) When the girls performed for the first time ever at The BRITs
2016 saw the pop-stars perform at The BRITs for the very first time, appearing in matching green and black outfits singing their hit single 'Black Magic'.
2 of 72) When the girls rocked the red carpet with their mums
Walking the red carpet ahead of their first ever BRIT Awards performance, Little Mix invited their mums along for the party, oozing glamour!
3 of 73) When Little Mix shouted out to their exes
After opening the 2017 show with their hit song 'Shout Out To My Ex', the girls went on to see off tough competition and pick up the award for 'British Single' for their hit track 'Shout Out To My Ex'.After thanking their management, friends and family, Leigh-Anne went onto add, "And also, we'd like to thank our exes!"
4 of 74) When they stole the red carpet with their amazing outfits
Heads were turned as the girls graced the red carpet in their gorgeous dresses, especially Leigh-Anne - watch the moment here.
5 of 75) When they got a little too excited about winning their award...
After picking up the award for 'British Single' at the 2017 BRITs, the girls didn't hold back when showing us how excited they were backstage... with Jade even trying to take a bite out of the award!
6 of 76. Their adorable reaction to winning British Artist Video of the Year
After asking for votes for weeks, the Little Mix girls couldn't believe their luck when they were crowned the winners of British Artist Video of the Year for their hit single 'Woman Like Me'.The girls jumped out of their seats, buzzing with tears of joy. "We never win this!" cried Jade!
7 of 77. Their breathtaking performance to hit single 'Woman Like Me'
Featuring the talented Ms Banks, the girls took our breath away with a powerful performance of their song 'Woman Like Me'. Featuring plenty of fire, sass and neon colours, we couldn't take our eyes off them!
The source went on to say, “Saturday night needs a new singing competition to freshen it up and, with Little Mix involved, this could well be it.
“The girls will be mentoring youngsters. They’re hoping their experience will mean they can create a group which can forge a genuine career.
“The groups will also be helped by people who have worked with Little Mix during their careers."
NOW WATCH: Little Mix sing-along to Nicki Minaj, Ariana Grande and Stormzy playing 'Never Mind The Lyrics' 🎶
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This latest news comes following the Shout Out To My Ex band splitting from Simon Cowell's Syco label last year, after the four allegedly sent the music mogul a strongly worded email, detailing issues they had with their contract.
Little Mix's management cut ties with Syco, meaning the band have since moved to RCA, a different record label. However, it is still owned by Syco.
In a statement, a spokesman for Simon confirmed the news, saying, “We do, of course, wish all artists affected by this decision every future success. Consequently, LM5, the forthcoming Little Mix album A&R’d and released on Syco Music, is to be serviced by RCA at the request of Syco and Simon Cowell.