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It looks like Simon Cowell has fulfilled his dream judging panel for The X-Factor.

With producer L.A. Reid already on board, Deadline Hollywood reports that Paula Abdul and Cheryl Cole are nearing deals to finalize their roles on the upcoming singing competition.

Both have worked with Cowell in the past; Abdul on American Idol and Cole on the British version of The X-Factor.

A Kiss from Paula Abdul
Photo via Brian To/WENN.com

“I’ve always wanted Paula,” Simon told the publication. “I’ve never found anyone better than her… We’ve agreed that we would meet as many people as possible, and now we’re reaching the deadline we’ve got to make the decision soon. But I think she’s got a really good shot.”

As for Cole? “Shes a great judge. She’s smart… If people take to her like the British public did, I think she’s going to do really well in America. And Fox was desperate to hire her.”

Well, yeah. The X-Factor champion will receive $5 million, along with the chance to ogle Cole for numerous weeks on the show.