Cheryl Cole set for $1 million Pepsi deal

Cheryl Cole could pocket $1 million dollars endorsing soft drink giant Pepsi - only if she lands the role of a judge on the American version of the X Factor.

The star has been approached to appear on billboards all over America for the drinks company.

The ads will run alongside the new series of the show, starting in September — but only if she is a TV judge.

According to a UK source, Cole had been approached for initial talks over her individual deal and that it could be easily worth $1 million.

"Cheryl would love it but she knows it could easily be someone else on that poster," the Daily Star quoted an insider as saying.

Last year, Simon Cowell scored a promotional deal worth $60 million dollars with Pepsi to appear on the show.