She is being lined up as a judge on the brand new American X Factor alongside close pal Simon Cowell - and to focus on her music career.
A close source told us: "This is Cheryl Cole phase two. She's not changing her name but she's changing every other aspect of her life.
"She wouldn't have the time to do both of the X Factors plus release new songs - and she's got her heart set on America where Derek lives."
Global X Factor supremo Simon has already started hinting that Girls Aloud singer Cheryl will join him on the US show when it begins next September.
An insider said: "He believes she will be a huge star in the States."
We can confirm that the US series means there will be no X Factor over here next year. And when it returns in 2012 it will be dramatically different.
Cowell is set to be a judge on both shows. But the source close to Cheryl said: "She wouldn't have the time.
"The US show is a huge opportunity but she'd have to give up the show here because she wouldn't be able to do her music too.
she's up for grab again!