The warts-and-all show will follow the couple as they go about their showbiz lives, similar to Katie Price and Peter Andre's reality shows.
James told the Daily Star: "Channel 5 and Endemol, who make Big Brother, want to work with me again - something with me and Ola.
"I really enjoyed Peter's and Kate Price's show. I found them fascinating.
"Like them, we aren't afraid to let people know who we are. I've always been Marmite but I'm not boring. We are funny."
The show is sure to feature plenty of drama as James isn't afraid to say what he sees and has blasted 'Strictly' bosses on more than one occasion since leaving the BBC dance show.
Last week he told the Daily Star that the BBC were 'disgusting' for the way they treated the pro dancers.
"But no one dares to speak up for themselves because they want to keep their job. It's difficult to stand together."
In previous rants, James has hit out at a number of the current ‘Strictly’ gang, including the presenters Tess Daly and Claudia Winkleman.
He also briefly renamed the show ‘Burn The Floor’ before declaring that this Autumn, he’ll be watching ‘X Factor’ instead - despite the fact his wife Ola will still be strutting her stuff on the BBC show.