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The London paper the Metro is reporting Joe McElderry may be close to signing a US $5m deal. According to the newspaper, X-Factor boss Simon Cowell is planning to take Joe to US and turn him into the new Zac Efron.
The papers claims executives from three major TV networks in the USA have contacted Simon and keen to see Joe take over from former teenage idol Efron, who has made millions from the High School Musical films.
If the deal comes through it will see former student Joe's net worth soar to an estimated £4m as he is already guaranteed a £1m contract for winning last weekend's X-Factor final.
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