The X Factor certainly hit a big blunder last year, as ratings dropped lower than ever before.

But, now Dermot O'Leary has announced that he is making his way back to the singing competition, after Simon Cowell met with him to seal the deal last week.

Dermot has always been a fan favourite, but when he quit the show 12 months ago, the presenter had a few things to say about the TV series.

He agreed with many of the X Factor's fans, saying the the show has gone way over the top and needs to be brought back down to earth.

Well, it seems like Simon listened as there is going to be major changes for 2016, including bringing back the intimate room auditions.

“I’m very flattered to be asked back to The X Factor, and am currently dusting off my dancing shoes," Dermot told The Mirror.

"There is nothing more exciting than hosting live TV on a Saturday night.

“The show is naturally very close to my heart, after having hosted it for eight years. I’m really looking forward to it, and excited to be back.”

We're so excited he's back, too!