The news of Idol's return was announced by Robin Roberts and George Stephanopoulos on Good Morning America.
The saga of getting American Idol back on TV is over, with ABC officially closing a deal for a revival of the singing competition series.
Seacrest, who was based in Los Angeles during the "American Idol" run, said he will live in NY during the week and then fly back home to Los Angeles for the weekends. Throughout its 15 seasons, the singing competition helped launch the careers of superstars Kelly Clarkson and Carrie Underwood, as well as other well-known country names such as Scotty McCreery and Kellie Pickler. A host and judges will be announced at a later date.
"American Idol" premiered on Fox in 2002 and grew to become a ratings machine for the network, which rode its popularity to a No. 1 ranking among viewers aged 18 to 49. NBC and Fox were also trying to bring back the show. Trent Harmon was the victor for the most recent season of Idol, and Season 10 runner-up Lauren Alaina recently scored her first No. 1 hit with "Road Less Traveled".
On Monday's Live, Seacrest addressed the rumors that he would be returning to Idol. The victor then received a "Dream Ticket" that granted them front-of-the-line privileges at future "American Idol" auditions.
Ryan Seacreast only started his new job hosting "Live with Kelly and Ryan" last week, but fans are already considering his next gig.
Will Seacrest be returning, too?