Well, the rumour mill certainly has gone into overdrive saying a big, fat Christmas Eve YES!
It's believed that Rylan is being considered as a possible replacement for Olly Murs as it's reported that he won't be coming back next series.
Related Story: [Caroline Flack says she flirts with Olly Murs]
[Related Story: Gary Barlow says Rylan Clark nearly made him quit the X Factor]
Olly is believed to be leaving the show, which he has hosted for two years, to concentrate on music as after all he is first and foremost a pop star!
A source told The Daily Star Olly even has plans to crack America!
The source said: “Olly loves being on the show but there's no way he can do it next year if he wants to crack America."
“2013 will be a huge year for Olly. His label is making him a massive priority both in the UK and internationally. Something has to go and that thing is Xtra Factor."
Which leave a gaping Rylan Clark shaped hole we reckon!
Well, Rylan knows the show inside out, has proved his presenting skill on Daybreak and would be a hilarious match for Caroline Flack.
What more could you ask for?