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Jennifer Lopez in talks for Las Vegas residency

Jennifer Lopez is reportedly close to signing a deal for a residency in Las Vegas.

The On The Floor hitmaker is in talks to stage a 72-show run at The Axis theatre in the Planet Hollywood casino and resort, where Britney Spears is currently 10 months into her residency.

Lopez has been offered $350,000 for each performance, which will take place three times a week for 24 weeks over a one or two year period, according to a contract obtained by TMZ.com.

Spears' original run was scheduled to end in 2015, but she confirmed in September (14) that she has extended her deal for a further two years.

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