The newspaper claims that the new production team of Hit 40 UK want someone "younger and cooler" to front the weekly show.
Foxy insisted that it was his decision to quit, however, which he made after his workload became too high with ITV's Pop Idol.
“Over the past six months I have been juggling my daily radio shows with the chart and Pop Idol," he said. “Something just had to give and I decided that, sadly, it had to be the chart show.
“I really want the success of Hit 40 UK to continue. After 11 years in the job it feels like my baby. Pop Idol has opened some incredible doors for me and has allowed me to set up my own production company.???
T4 presenter June Sarpong is being tipped as a replacement.