As we previously reported, the music mogul was rumoured to be making his return to the talent show in a bid to avoid a ratings slump like his other series, The X Factor.
Speaking at a Broadcasting Press Guild lunch today, 7th December, ITV chief executive Adam Crozier announced SiCo would be back, defending the decision to sign a three-year deal in 2010 which did not ensure Simon's participation in BGT and XF.
Crozier claimed: "It was a very important deal for us in lots of different ways. BGT and X Factor are two of the best known and best loved shows but we had only ever had them on annual deals. It was important to put them on a longer-term footing."