Allen in talks with 'X Factor' bosses

Lily Allen is in talks to replace Simon Cowell on the judging panel of 'The X Factor'.

The 51-year-old music mogul – who is widely rumoured to be leaving the ITV1 show to launch the Stateside series later this year – has reportedly told his executive producers to "break the bank" and hire the mouthy 25-year-old singer as his replacement.