03/04/2018 08:59 BST

Louis Walsh Insists 'X Factor' Contract Is 'Watertight' As He Responds To Axe Claims

His future on the show - along with Sharon and Nicole's - was said to be in doubt.

Louis Walsh has suggested he can’t be fired from ‘The X Factor’ as he has a “watertight” contract. 

On Monday (2 April), it was reported that bosses were planning to axe both Louis and fellow judge Sharon Osbourne from the panel, as Simon Cowell begins a revamp of the ailing ITV show.

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Louis Walsh has responded to claims he's set to be dropped from 'X Factor'

As part of the changes, Nicole Scherzinger is strongly rumoured not to have had her contract renewed, with speculation suggesting Louis and Sharon’s three-year deals would be be terminated early. 

However, he has told The Sun he can only be sacked if he’s given a huge payout.

“My contract is watertight. I’ve checked it out with someone and have told Simon that,” he said. “He has asked me to come and see him in LA.

“I have spoken to Sharon. She’s said they can only sack us if they pay us.”

Louis continued: “I don’t think they’ve finalised what they’re going to do with the panel. We have three-year contracts. We both do.”

Sharon Osbourne and Nicole Scherzinger are also said to be on their way out of the show

He also slammed the decision to axe the “brilliant” Nicole from the show, claiming she was the hardest-working and “always brought something new”. 

Among those rumoured to replace the trio include a combination of former judge Cheryl Tweedy, Kylie Minogue, Louis Tomlinson, Craig David and Mariah Carey.

Louis has been sacked from ‘The X Factor’ twice before - once in 2007, when he was briefly replaced by Brian Friedman, only to be brought back a few days into filming, and then again in 2015, when Nick Grimshaw took up his seat on the panel for a full series.

However, he returned the following year when Simon admitted he had made a mistake letting the long-standing judge go.

Cheryl Tweedy is rumoured to be returning to 'X Factor'

Ratings for the show have plummeted in recent years, with last year’s final becoming the least-watched since it began in 2004. 

Auditions for the 15th series of ‘The X Factor’ are due to kick off in the summer, with the show expected to return to ITV in September.  

Photo gallery'X Factor' Judges Through The Years See Gallery