08/01/2013 AT 02:00 PM EDT
PEOPLE has learned that superstar singer Jennifer Lopez
is "very close to signing a deal with Fox to return to American Idol
next season," according to a source very near to the star.
"Both Fox and Jennifer are very happy about this and want it to happen very much," the source adds.
As for recent reports
that Lopez was shunned by The Voice
as a judge and a performer, the source says the rumors are false.
"Jennifer never had discussions with NBC about being a judge," the source explains. "She was approached by NBC about performing but had to turn it down because of scheduling conflicts."
As for why Lopez is returning for a third season, the source says: "She couldn't return last year because she had committed to a world tour. But now that the tour is over, she has more time to raise her family, do movies and pursue television projects."
The schedule that being a judge on Idol
provides is perfect for Lopez now, the source adds.