It's official: Caroline Flack and Olly Murs are the new presenters of the X Factor.
The pair will replace Dermot O'Leary, who stepped back from the role after eight years last month.
Rumours have been flying ever since about who would take his place, and "Caroline and Olly" has been on everybody's lips.
The pair made a great duo when they presented the Xtra Factor together from 2011 to 2013, before Caroline left, going on to win Strictly Come Dancing.
Olly made his name on the show in 2009, when he was runner-up to Joe McElderry, and has sold 13 million records in the five years since.
According to Grazia, Caroline said of the role, "I'm beyond excited about presenting the X Factor with Olly. To have the privilege of doing this with someone who makes me laugh out loud is a massive bonus!'"
And Olly was equally happy about the whole thing, telling the BBC, "I'm incredibly excited and proud to be returning to the X Factor alongside Caroline. I love the show and it kick-started my career in music which has given me the opportunity to do what I love.
"I can't wait to get started and be part of finding some amazing new talent."
X Factor boss Simon Cowell is also very happy with the decision. Well, as he most likely made it, that's not really surprising.
He said, "When they were on Xtra together, they were a brilliant double act. Since then, Caroline's gone from strength to strength - and Olly has become one of Britain's biggest stars. So now I'm looking forward to them fronting the main show."
But what will we do until the new series starts? Ummm, how about a bit of shopping?