Seacrest finalized a deal with ABC that'll bring him back to the reality competition that he hosted for 15 years. He made the announcement on "Live with Kelly and Ryan" on Thursday morning.
"It's genuinely hard to put into words what 'American Idol' means to me,” Seacrest said in a statement. "I'm so grateful for the show and all the career and life opportunities it's allowed me to experience. It's been an incredible journey from day one. To be asked to return this year, at my new home at ABC, is an honor, if not a bit surreal. I believe ABC is the perfect home for 'Idol,' and I've every confidence the show's legions of fans will love it – especially 'Idol's' best traditions of showcasing heartwarming stories, remarkable talent discovery, and, best of all, making dreams come true."
Fox canceled the show in 2016 and it was picked up for a reboot by ABC in May of this year. There aren't too many new details about the reboot, but Katy Perry has been confirmed as one of the judges. Perry shared her excitement for Seacrests' return on her Twitter.
"So much of 'American Idol's' overwhelming success can be attributed to Ryan, whose larger-than-life personality and laudable dedication to creating quality entertainment has made him a true master of his craft," ABC Entertainment president Channing Dungey said in a statement. "His talent is limitless, and I can't think of a more appropriate person to honor the Idol legacy as it takes on new life than the man who has been there through it all."