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Jennifer Lopez is reportedly ready to call it quits at “American Idol.”

E! News’ Marc Malkin is citing sources who say she will not return for a third run as judge. A source said,“She’s just too busy.”  Today Jennifer was named most powerful celebrity by Forbes magazine.

She’s preparing for a mega tour with Enrique Iglesias this summer in Latin America and the U.S., with plans to go worldwide in the fall.

Lopez will be on the road through the end of the year. The next round of “Idol” auditions are scheduled to begin while she’s overseas.

E reports, J.Lo also wants to take some time off next year to be with her twins.

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