Ryan Seacrest announces he'll be hosting 'American Idol' reboot
LIVEKellyandRyan (ABC) You/Tube

It’s official! Ryan Seacrest is returning to host ABC’s reboot of “American Idol,” per his announcement yesterday on “Live With Kelly and Ryan.” Seacrest confirmed the news to his ecstatic co-host Kelly Ripa, who had previously voiced her wish for him to helm the new show, which he had previously hosted for FOX for 15 seasons.

Seacrest said, “I don’t know if you’ve ever been in a 15-year relationship, and then -- for a reason you don’t really know -- you break up! And I thought, 'Gosh, it would be great to get back together at some point.'"

Ripa quickly agreed saying, “You are the only person that can host this show because you’re the only person that can identify with that scenario.” Then she gushed, “You make that show. You are the heart and soul and people don’t really understand how difficult it is to be there, be supportive, keep the show moving at the clip that it moves …”

They discussed the 42-year-old Emmy-winning media mogul’s initial “American Idol” hosting audition and Seacrest admitted he was “terrified.” That seems impossible to believe, given his firm foothold in the entertainment industry today.

In fact, Seacrest will live up to his multi-tasking reputation as the busiest man in Hollywood by resuming his “Idol” hosting gig. He still hosts “On Air with Ryan Seacrest,” “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest,” and co-hosts “Live” with Kelly Ripa. Let’s not forget he also owns Ryan Seacrest Productions, which produces “Keeping Up with the Kardashians” and its spinoff series, as well as Ryan Seacrest Media which partnered with Mark Cuban, AEG, CAA and CBS for AXS TV. Calling Seacrest "busy" seems like an understatement!

ABC announced "American Idol's" 16th season is expected to air sometime in the 2017-2018 TV season. Thus far, pop superstar Katy Perry has been confirmed as one of the judges at the series return. Per a Variety report, a lot of big-named artists have been tossed around as possible judges to join her including season four “Idol” champ Carrie Underwood and season eight runner-up Adam Lambert. No further judging selections have been confirmed.

Stay tuned to AXS for "American Idol" updates.

@RyanSeacrest will return as the host of #AmericanIdol! #KellyandRyan #RyanSeacrest

A post shared by LIVE with Kelly and Ryan (@livekellyandryan) on