Carol came fourth in the last series of the fly-on-the-wall reality series and, given her straight talking nature and her experience on Loose Women, who better for the job?!
The 53-year-old will head-up the C5 show on Saturday nights after the main CBB episode has aired and it will be co-hosted by Rylan Clark and Iain Lee, who appeared on the panel regularly during the summer.
Speaking about her new job, Carol said: "When I was in the house I was a straight talker, and it will be the same on Bit On The Psych.
"I'm really looking forward to getting inside the housemates' heads and seeing what makes them tick."
Rylan and Emma Willis will continue to host Celebrity Big Brother's Bit On The Side. Emma will also present the main show when the next series kicks of in January.
Are you looking forward to seeing Carol on your screens again? Tell us below, as the best comment from across the website each week wins £50!
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