Jennifer Lopez 'Very Close' to American Idol Return
08/01/2013 AT 02:00 PM EDT
"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.