By Jen Heger - Breaking Celebrity News Assistant Managing Editor

Britney Spears is hoping that teen queen Demi Lovato will become a fellow judge on Simon Cowell's X Factor, because Spears thinks Lovato is inspirational and believes they would have great chemistry on the show, Breaking Celebrity News is exclusively reporting.

As previously reported, Team Spears recently signed the contract to become a judge on X Factor. The pop music icon will be paid $15 million dollars a year, and her fiancé, Jason Trawick will be on set with her for filming.

Cowell still needs to fill the remaining two judges' positions since he fired Nicole Scherzinger and Paula Abdul after the music mogul was disappointed with the ratings from the first season.

"Britney is the anchor of the new judging panel and that was Simon's most important hire," a source close to the situation tells Breaking Celebrity News exclusively. "Britney is extremely hopeful that Demi Lovato will become one of the judges because she truly admires her. Britney loves how open and honest Demi has been with her fans after she went to rehab last year. She thinks they have a lot in common and that they would have great chemistry on the show. Britney is being kept apprised of the status of ongoing contract talks with Lovato and it is looking like she will be joining the show! Britney is extremely excited for filming to begin, which will be in the next month.