The 36-year-old is said to have signed a massive £500,000 deal with Channel 5 bosses as they are ‘desperate’ to have her on the show.
Producers are hoping for a showdown between her and Katie Hopkins, 38, after multiple Twitter spats between the pair.
A show source told The Sun: “Bosses have been after Katie for years but she’s always said no. But this tie they were desperate after axing Jeremy and Ken and went to her with an offer she just couldn’t refuse.
“Katie is keen to settle scores with housemates, particularly Katie Hopkins. She is looking forward to telling the columnist just what she thinks of her. Now she has decided to appear she can’t wait to get into the house.”
Hopkins recently blasted Price’s decision to call her daughter Bunny, referencing husband Kieran Hayler’s affair.
She said: “Makes sense, given your dad was going at it like a rabbit with all of mum’s mates.”
Loudmouth Hopkins then offended Price further by saying: “Behind every fat child is a fat mum.”
Price’s eldest son Harvey, 11, suffers with multiple disabilities, meaning he struggles with his weight.
Blogger Perez Hilton and model Alicia Douvall are also on mum-of-five Katie’s hit list. Perez previously labelled her a ‘has-been’, adding: “Her moment has passed.”