ITV execs are said to be looking for a 'back to basics' approach for the 2013 series, which will be the last of the show's current contract with the channel.
> 'X Factor' final two live blog - James and Jahmene go head-to-head
A senior source told The Sun: "It doesn't take a genius to work out that the show is not in the best health. We have had some very strong singers this year, but the show is feeling in need of a reboot."
The premiere of the 2013 series may be moved back to the weekend after children go back to school, in an attempt to make it a discussion topic among young viewers.
Meanwhile, the arena auditions may be scrapped and replaced by the traditional 'quiet room' tryouts in front of the judges. The move is said to bring back the 'rags-to-riches' storylines from past years.
Simon Cowell is said to be due in the UK next month for crisis talks with fellow producers once The X Factor USA completes its second season.
A second source has said that Cowell could return to the UK series if The X Factor drops the mentoring aspect of the show.
> Simon Cowell 'must' return to 'The X Factor', say JLS
"Judges always vote to save their own acts," the insider stated.
Changes to the judging panel have also been rumoured in recent months, with Cheryl Cole and Sharon Osbourne both linked with a return to the show.
James Arthur was crowned the ninth winner of The X Factor last night (December 9).
Watch Nicole Scherzinger speaking to Digital Spy, along with finalists James Arthur and Jahmene Douglas:
Photo gallery - 'The X Factor' grand final in pictures: