Cheryl fears 'X Factor' will ruin her privacy

Singer Cheryl Cole has been reportedly offered a hefty amount to join back "The X Factor", but she fears if she accepts the show, her personal life will turn into a circus.

Music mogul Simon Cowell, who axed her from the reality show's US version in 2011, now wants her back and is ready to pay her a tidy sum, according to a source.

"Cheryl has happy memories of 'The X Factor' - she won it twice and loved ­mentoring her acts. But she didn't have any time to herself and doesn't want the media circus around her like before," mirror.co.uk quoted a source as saying.

When Cheryl was part of the show as a mentor, she was married to footballer Ashley Cole.

"At that time her relationship with Ashley was in tatters and she was ­living her life in the limelight every day. This is where her quandary lies," a source said.

"The reality is if she gets a new boyfriend, for example, while she's on 'The X Factor', it will ­become a much bigger deal than if she isn't on the show. Right now, she wants a happy balance ­between work and life," added the source.

The source also revealed that the singer is working on her new album and will release it ­later this year.