The star quit the panel to work on his US version of the show and has not been a judge for the past two years but in an interview with Hello! magazine he promised he would be coming back.
Cowell, who will be back on screens next month with the return of Britain's Got Talent, said: "I'm definitely getting more involved and will have a role in the next series.
"I'm not going to lie - I do miss doing it, because it's like my baby.
"It's been difficult the last two years not being on the show as I always had a great time and the last time that I did do it, it was such a brilliant year. So at some point of course I'm going to come back and do the show."
The X Factor 's done for another year - so, what's next...Britain's Got Talent of course! Divya Kohli chatted to Simon Cowell, originally from Brighton in Sussex, to talk about what will impress him this year.
Minogue was in negotiations to reprise her role on the show after last year's panellist Kelly Rowland ruled herself out.
The Australian entertained the idea of a return despite disclosures that she and show boss Simon Cowell had an affair. But discussions have now foundered.
Kai and Natalia speak of their hopes of winning Britain's Got Talent after they successfully progressed through to the live finals. Simon Cowell put them through after describing them as real winners.
It's official - a dance duo from Southampton made it through Britain's Got Talent semi-finals last night.Read the full story ›
All eyes will be on ITV1 on Saturday Night when the new series of Britain's Got Talent gets underway.
Our reporter Divya Kohli spoke to judges Simon Cowell, Amanda Holden and Alesha Dixon about what we can expect this year.
David Walliams joins them on the judging panel promising to add the fun factor
Britain's Got Talent judges Simon Cowell and Amanda Holden come from the Meridian region. Divya Kohli spoke to them at the press launch and found out about the new show.
The Britain's Got Talent press launch was a glittering occasion. Divya Kohli chatted to the judges. The item has flash photography.Read the full story ›