According to reports, the singer is said to have agreed a six figure sum to appear on the C5 reality show when it kicks off again next month.
It is thought that if he does enter the house, Lee will be joined on CBB by The Only Way Is Essex's Sam Faiers, as her name was thrown into the mix last week.
Comparing Lee to Sam's ex-fiancè, a source told The Sun: "He's not thick but he has a very unusual take on things - a bit like Joey Essex."
The new series of Celebrity Big Brother kicks off on 3 January, however the line-up is currently being kept under wraps.
Breathing new life into the reality series, bosses have confirmed that it will have its "biggest twist yet".
The CBB house has been given a lavish new makeover, featuring grand fireplaces and chandeliers, to reflect an "opulent theme".
However, it appears the house may be nothing more than a very posh-looking gilded cage.
We can't wait!
Check out the sneak peek pictures from inside the new house below:
Copyright: Channel 5