The X Factor twins are said to be excited about the £30,000 deal, which would see the sweets modelled on their hair, reports The Sun.
"The boys are so excited at this deal that during meetings to discuss it they ate ten packets," an insider told the paper.
Earlier this year it was claimed that the Grimes brothers had landed a six-figure deal to promote Shake 'n' Vac.
Their debut album Planet Jedward charted at number 17 in the UK album chart last week.
> Jedward 'have earned £1 million each'