With more than 260 episodes under their belt, Richard McCourt and Dominic Wood, aka Dick and Dom, will finish filming the current series of their show in March, before hanging up their oversized underpants.
The show, which launched in 2003, was a big hit with children but criticised by parents and members of parliament, who labelled the show "crude".
In January last year, Tory MP Peter Luff called on culture secretary Tessa Jowell to view the popular show's website, which he said contained items crude item such as 'Pants Dancers in the Hall of Fame', photos of children with underwear on their head; 'Make Dick Sick'; and 'Bunged Up', in which children play a character in a sewerage system avoiding turtle poos coming from lavatories.
In response, Jowell backed the corporation by saying: "It is the BBC's job to determine standards of taste, decency and appropriateness."
It is understood that the Dick and Dom are now being primed for a BBC entertainment show aimed at adults because corporation bosses believe the duo could be the BBC's answer to ITV's 'I'm a Celebrity... Get Me Out of Here!' hosts, Ant and Dec.
However Dick and Dom's last non-'Bungalow' outing, BBC Two quiz show 'Ask The Family', was dropped last year after it proved a ratings disaster.
Critics panned the show and ratings slipped from 1m for the launch programme to just 700,000, only one in 25 of the available audience.
Dick and Dom have also suffered at the hands of TV regulators in the past with their cheeky humour. In 2004, co-presenter Dominic Wood was rapped for wearing a "Morning Wood" T-shirt during a broadcast to almost 1m children.
Following the ruling, the BBC said it would vet all clothing worn by the children's TV presenters.
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