It's official! Caroline Flack and Olly Murs have been promoted from League One to the Premier League - in this case the Premier League is The X Factor and second division is Xtra Factor. But don't worry, we'll stop using football metaphors now, not least because we don't really know anymore.
Anyhoo, good old smiley, smiley Dermot sadly stepped down from The X Factor after seven excellent years of twirls, dancing and of course his infamous, ahem, 'bulge'.
Derm tweeted to congratulate his replacements, Olly and Cazza, saying: "Huge congrats to @ollyofficial and @carolineflack1. Be gentle with the old girl... that's the show, not Louis (sic)"
Olly shot to fame after being a runner-up on the 2009 series of *The X Factor and *went on to present Xtra Factor with Caroline Flack in 2011 and 2012.
He said: “I love the show and it kick-started my career in music which has given me the opportunity to do what I love.
"I already have the best job in the world and it’s about to get better - I can’t wait to get started and be part of finding some amazing new talent.”
Olly Murs and Caroline Flack flirting
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Meanwhile Caroline, who won last year's Strictly Come Dancing took to Instagram to express her joy at her new job, and working with her buddy again.
She posted: "Over the moon to be back with my buddy Olly hosting this years X Factor ."
And then uploaded another snap, of her, Olly and Dermot looking all hip and Instagram-y.
She added the caption: "Love this photo... Had so much encouragement from @radioleary . He the man"