Scherzinger to sign 3 mn pound record deal

The New Year is likely to turn out to be fruitful for "The X Factor" judge Nicole Scherzinger as she may sign a 3 million pound multi-album deal with Sony.

She may also mint millions from new commercial ventures.

Scherzinger, who first shot to fame with the Pussycat Dolls, will release a new solo album in 2014.

"Nicole was the most popular member of 'The X Factor' panel this year and is the real winner in terms of bankability. She is set to sign with Sony and can't wait to get back to her music, which took a back seat during 'The X Factor'," a source told The Sun newspaper, reports contactmusic.com.

She also has new multi-million pound deals with fashion range Missguided and Herbal Essences on the cards.

However, the 35-year-old is yet to decide if she wants to return to the talent reality show for its new season.

"She's torn between the two - she loves the show and loves working on it but is conflicted. She is taking time out at home with her family to decide what move is best to make," added the source.