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Following his stint on the competition, Olly presented the 2015 show alongside Caroline Flack.
The pair had previously hosted spin-off show The Xtra Factor.
The star previously co-hosted with presenter Caroline Flack in 2015, after a previous stint on the spin off The Xtra Factor.
He added: “The most important thing is the show took a break. It was a bit tired. I would love it if it came back, because that show’s given me so much.”
Simon revealed earlier in the year the singing show could make a comeback early next year.
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