'American Idol' Judges' Panel Is Finalized

New panelists will be revealed at a news conference Wednesday.

Now that we know Simon Cowell, Ellen DeGeneres and Kara DioGuardi are out, who's in? After months of speculation, "American Idol" will finally announce the season-10 judges' panel next week. Ryan Seacrest will make the announcement at a news conference at the Forum in Inglewood, California, on Wednesday at noon PT, joined by the new judges.

Original judge Randy Jackson appears to be the only returning panelist, although even he hasn't been confirmed for the next season. The loudest rumors have Jackson joined by Aerosmith frontman Steven Tyler and singer/actress Jennifer Lopez. Whether the panel will return to the three-person format it started with or add a wild card into the mix as a fourth judge is unknown.

Back in July, Tyler was asked what he would be up to following Aerosmith's tour, and he seemed to confirm reports of his involvement with the reality show. "Probably going to be a judge on 'American Idol,' " Tyler said. "I'm doing it! What do you think?"

While Lopez hasn't commented on the rumors, various outlets have reported that she has already signed a $12 million deal to join the show.

The judges' panel isn't the only thing changing for the show's 10th season. On Wednesday, it was announced that "Idol" hopefuls could submit online audition videos to MySpace for the first time. The show also dropped its age limit to 15 to make sure it doesn't miss out on a potential Justin Bieber.

Who do you think will be on the new judges' panel? Share your theories in the comments!

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VMAs 2017