Rumours have been rumbling for weeks but it's been made official Olly Murs and Caroline Flack are the news hosts of the X Factor.
After eight long years Dermott O'Leary has bowed out of the biggest gig in entertainment telly and Olly and Flackers have picked up the baton.
We already know they make a great team - they presented together on The Xtra Factor for two years from 2011 so we're expecting big things.
Olly found fame on the show as a contestant in 2009 and has gone on to sell over 13million records. You can check out his very first audition below. Naww. Cute V-neck and shirt combo Olly.
Caroline,35, quit the Xtra Factor in 2013 and went on to win Strictly Come Dancing last year.
You may remember Flackers enjoyed a romance with One Direction heartthrob Harry Styles back in 2011- which caused controversy due to the 14 year age gap. By January 2012 things were all over. Sad Face.
Speaking about her new gig Caroline said: ‘I'm beyond excited about presenting The X Factor with Olly. To have the privilege of doing this with someone who makes me laugh out loud is a massive bonus!’
Olly,30, was equally enthusiastic and said: ‘I'm incredibly excited and proud to be returning to The X Factor alongside Caroline. I love the show and it kick-started my career in music which has given me the opportunity to do what I love.’
‘I can't wait to get started and be part of finding some amazing new talent.’
We’re looking forward to seeing Olly and Caroline’s shorts back on our screens in autumn, when X Factor returns.