The 38-year-old former Apprentice candidate is believed to have been offered a place in the famous house before, but this time she and the producers have come to an agreement.
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Her fee is allegedly more than the £400,000 offered to Kellie Maloney for the last series of the show.
A source told the Mirror: "Undoubtedly she will clash with some of the other housemates and generate loads of publicity for the show.
"She has been approached previously, but it looks like a deal has been reached this time."
KATIE HOPKINS DOWNPLAYS TWITTER TROLLS
Surprisingly the news was met with positive reactions from many on Twitter, with one user writing: "I've been waiting for this for so long!! Please be true."
Another Katie fan wrote: "PLEASE I BEG", while someone else added: "oh please that would make my life complete."
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Some even went as far as to say Katie would be a "sure winner" and that she'll "cause a riot with her #STRAIGHTTALKING [sic]"
If Katie does enter the house, she's bound to ruffle a few feathers with her sometimes controversial opinions.
Would you like to see her on CBB?