American Idol

Sources: Jennifer Lopez is leaving 'American Idol'

May 16, 2012 at 3:23 PM ET

Sources say "Idol" judge Jennifer Lopez is bidding the show farewell after the season.

Jennifer Lopez may have just been named by Forbes magazine today as the most powerful celebrity, but her reign at "American Idol" is coming to an end.

While J.Lo has publicly said she has yet to make a decision about her future on "Idol," sources exclusively tell me that she she's planning on calling it quits.

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"She's just too busy," one source said.

That's so very true.

She's about to launch a mega concert tour with Enrique Iglesias that kicks off this summer in Latin America and the U.S. She plans to go worldwide in the fall.

I'm told Lopez will be on the road, at the very least, through the end of the year.

The next round of "Idol" auditions will begin while she's overseas.

The superstar apparently wants to free up her schedule next year, possibly taking a little hiatus from work to be with her kids.

"It is just like any working mom's dilemma," Lopez told us at Monday's premiere of "What to Expect When You're Expecting." "It's tough. It's a balancing act. You put them first and then you have all these other things that you have to do, that you have to give your time to as well, and you have to make sure that they're OK in the process."

Photos from E: 'What to Expect When You're Expecting' premiere

Fox declined to comment on Lopez's future with the show.

Lopez has been on "Idol" for two seasons with one-year contracts for both.

Now the question is, will Fox try to change Lopez's mind with a much bigger payday?

Would you like to see J.Lo on the "Idol" panel for another season? Who should fill her seat if she leaves? Share your thoughts on our Facebook page.

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