Hollywood Reporter claims that American Idol host Ryan Seacrest is currently finishing up a contract extension with “American Idol” co-producer 19 Entertainment to continue hosting the show.

They say the agreement is believed to be for another three years,and would give him a pay raise that could make him one of the highest paid reality tv show hosts. They say he already made slightly less than a $5 million last season for doing “Idol” which breaks down to about $100,000 per episode.

They also report that he could possibly be developing a new series with “Idol” creator Simon Fuller. Ryan is expected to finish up his “Idol” contract on Monday July 13,2009.

Ryan has also been producing “Keeping Up With the Kardashians,” “Denise Richards: It’s Complicated,” and ABC’s new upcoming show starring Jamie Oliver.

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