Show bosses are said to have approached the former Oasis singer with a 'name your price' offer to join the panel for the tenth series later this year.
Noel Gallagher has been offered a judging spot
It is the second time producers have offered the star the gig, as he revealed he was approached back in 2011, after Simon left to launch 'X Factor USA'.
However, The Sun suggests that Gary could be sitting alongside Noel on the panel as bosses are still 'undecided' on Louis Walsh.
Louis Walsh and Gary Barlow's futures are still up in the air
It is expected that former judge Sharon Osbourne is to make a comeback, along with last year's winning mentor Nicole Scherzinger, who recently demanded her fee was doubled if she was to return for another series.