The Essex boy - who shot to fame on the last series of 'The X Factor' - will take over from Emma Willis to present the Channel 5 show.
And as part of the deal, Rylan will also be getting his very own show based on his 'unique take on the world'.
As his former mentor, Nicole Scherzinger would say: SCHAMAZING!
A Channel 5 source told The Sun: “We love Rylan and after he won Celebrity Big Brother it seemed daft not to get him on board.
“He won’t just be fronting BBBOTS, he’ll get his own show. He has so much energy it’s unreal. The viewers love him.”
Rylan - who was also in the frame to replace Olly Murs on 'The Xtra Factor' - had previously played down the rumours he was to join the 'Big Brother' team.
"There are a lot of rumours about Xtra Factor, Big Brother and my music plans going around at the moment, but I haven’t agreed to anything," he told Star magazine earlier this month.
"I haven’t had a day off properly yet so I haven’t had time to sit and think about what I actually want to do. So I’ve got no idea.
"Don’t believe any of it until I say it."