Scapers, we have some good news and we have some bad news. We'd ask you which you want to hear first, but that's not really possible so we're just going to get on with it.
The good news is that Rylan Clark is in the running to replace him.
Yup, speaking at a press conference after being crowned Big Brother winner, Rylan let slip that he's being considered for the hosting role, saying: "My dream job would be presenting on The Xtra Factor - and I know my name has been banded about, but it's an honour that I've even been mentioned."
NICE ONE RYBREAD.
Olly, meanwhile, spoke to heat magazine about his potential exit from the show, and said: "To be honest, the way my career is going in terms of music and internationally it looks unlikely that I'll be able to do it.
"It's an amazing part of my career and working with Caroline has been great."
OH GOD does this mean we'll have to let the Olly/Caroline romance dream die? We're not sure we're quite ready for that.
What do you make of all this?
Images: PA/Channel 5