Big Brother is returning to our screens this summer and Charlie Sheen is top of the most wanted list for the celebrity edition after Channel 5 came to deal with show producers, Endemol.

The £200m deal – which allows Channel 5 to breath life into Big Brother for the next two years – comes less than 12 months after the reality show was axed by Channel 4.

The re-launched Big Brother will kick off in August with a celebrity edition and show producers have their sights set on motormouth ‘winner’ Charlie Sheen as ratings-friendly housemate.

Apparently also on Channel 5’s Celebrity Big Brother wish-list are Peaches Geldof, Fulham FC owner Mohamed Al-Fayed, The Only Way Is Essex star Amy Childs and Prince Harry’s on-off girlfriend Chelsy Davy.

Charlie Sheen: The Unedited Version

Big Brother 2011 promises to be even more sexed up than its predecessors. An insider told the Daily Star: “Big Brother is giving fans exactly what they want. Its going to be a non-stop blur of sex and cigs and rock ‘n’ roll.”

Despite saying she believed the show “still has legs”, original Big Brother host Davina McCall has said she would not be up for another series.

Cheryl Cole, who was apparently a popular choice for the role, has also been ruled out after her publicist denied she had ever been in the running.

Cheryl Cole to host Big Brother?

Other possible new hosts include Big Brothers Little Brother presenter Emma Willis and Irish TV presenter/ previous Big Brother winner Brian Dowling.

C5 director of programmes Jeff Ford said: “We’re hugely excited to have secured the return of Big Brother for Channel 5, which will form a key part of this year’s schedule.

“The series has previously captivated a decade of television viewers and we aim to bring Channel 5’s energy, optimism and vibrancy to the series.”

Endemol UK chief executive Tim Hincks said: “Big Brother has a passionate and loyal fanbase in the UK and I’m delighted it has found a new home on Channel 5.”

Will you be watching Big Brother 2011? And should Charlie Sheen sign up?