The flamboyant reality TV star, 27, is the latest name to be linked to the much-anticipated Channel 5 series, due to start in January.
Ollie quit the Chelsea-based E4 hit earlier this year because he was "thinking about other things" - now rumoured to be CBB.
According to The Sun, producers are hoping he will hit it off with fellow reality TV star, TOWIE's Sam Faiers, who is also said to be taking part.
A source told the newspaper: "Ollie is a great signing and exactly Sam's type. He's a posher version of Joey. He's ditzy, rich and very vain."
The only hitch is that anyone who ever saw Ollie on Made In Chelsea will know he has previously been VERY ambiguous about his sexuality - so perhaps Lee Ryan might catch his eye, too!
The Big Reunion star and Blue singer is another name linked to the new series. Other stars rumoured to be joining the line-up are comedian Jim Davidson, businesswoman Katie Price, N-Dubz's Dappy and ex-Apprentice candidate Katie Hopkins.
Sounds like a recipe for fireworks!
Celebrity Big Brother returns to Channel 5 on 3 January 2014.
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