Simon Cowell May Leave U.K. 'X Factor'

Despite British reports that Simon Cowell has made up his mind to step down from the U.K.'s "The X Factor" to concentrate on launching the American version of the show, his rep tells The Hollywood Reporter, "No decision has been made."

The U.K. Sun reported Tuesday that Cowell would walk away from his hit show after this season.

"At the moment you are going to see me doing one show next year -- and not one in England," the paper quoted him saying. "I have a contract for this year and that is it."

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"I am going to sit it out for a few more weeks before I make a final decision. And it has to be fun. The minute it stops being fun, bye bye," Cowell added.

The former "American Idol" judge -- who stepped down after nine seasons -- says the American version of "The X Factor" would premiere in September, around the time the U.K. version of the show is in full swing, which would cause scheduling snafus.

"It will have to move. Do people want it back?" Cowell said. But a source at the network, ITV, told the Sun, "We envision moving the show to October or November and screening the auditions while he does the live show in the States. Then he can return for the live shows in January."

Cowell also hinted he may step down from Britain's Got Talent. The series could end up with an entirely new judges panel with Piers Morgan rumored to be taking Larry King's CNN hosting job, and Amanda Holden set to move on.

According to the Sun, Cowell has an approximately $9 million-a-year deal with ITV.