Ryan Seacrest is confirmed to return as the host of the iconic music competition series, "American Idol." He announced his return on Thursday on "Live with Kelly and Ryan." 

Seacrest had a long run with the series serving as host for the franchise since it started in 2002. The series is getting a reboot at its new home on ABC.

Seacrest said he is excited and grateful to return to the series. He released the following statement on Thursday:

"It's genuinely hard to put into words what 'American Idol' means to me. I'm so grateful for the show and all the career and life opportunities it's allowed me to experience. It's been an incredible journey from day one. To be asked to return this year, at my new home at Disney|ABC, is an honor, if not a bit surreal. I believe ABC is the perfect home for 'Idol,' and I've every confidence the show's legions of fans will love it – especially 'Idol''s best traditions of showcasing heartwarming stories, remarkable talent discovery, and, best of all, making dreams come true." 

Seacrest also shared his excitement on Twitter by tweeting: "reunited and it feels so good."

Channing Dungey, president of ABC Entertainment, said that he believes Seacrest's personality contributed to the series' success and popularity. 

"So much of 'American Idol's overwhelming success can be attributed to Ryan, whose larger-than-life personality and laudable dedication to creating quality entertainment has made him a true master of his craft. His talent is limitless, and I can't think of a more appropriate person to honor the 'Idol' legacy as it takes on new life than the man who has been there through it all," Dungey said. 

Seacrest will continue to host “Live with Kelly and Ryan" and ABC’s annual live show, “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest.” He will also will also continue hosting and executive producing “On Air with Ryan Seacrest,” his market-topping L.A. morning drive-time radio show for iHeartMedia’s 102.7 KIIS-FM, as well as a nationally syndicated Top 40 radio show from his iHeart studio at New York’s ABC7, home of “Live.”

The nationwide search for the next 'American Idol' starts on Thursday, August 17, as the Idol Bus tour kicks off. Visit www.americanidol.com for more details on specific audition locations, full eligibility requirements, submission forms, terms and conditions.