The radio host is thought to be discussing the possibility of replacing former panellist Piers Morgan on the panel - which features Sharon Osbourne and Howie Mandel - and he could earn up to $15 million a year for the role, according to the Wall Street Journal.
Last year, he said: "Judging is an interesting thing. What I do for a living is a lot more complicated than judging. I have to wake up people. I compete in radio markets and to sit there and judge a karaoke contest, the one criteria would be to have an opinion.
"It seems that two or three of the judges barely have an opinion."