Fox News is suspending its contributor agreement with Newt Gingrich, the channel announced on Tuesday.

"Fox News Channel has mutually agreed to suspend its contributor agreement with Former Speaker of the House Newt Gingrich effective immediately. Due to the intense media speculation about Gingrich's potential selection as Donald Trump's vice presidential candidate, we felt it best to halt his contributor role on the network to avoid all conflicts of interest that may arise," Fox News' executive vice president of news Jay Wallace said in a statement.

Gingrich is being vetted to potentially serve as Donald Trump's running mate, and is considered one of the top contenders.

Gingrich most recently made an appearance on the channel with Fox host Sean Hannity on Monday night. He joined Fox as a contributor last October, having previously been a contributor with CNN. Gingrich was previously suspended by Fox News back in 2011, when he was considering a run for president.

We've reached out to Gingrich for comment and will update here accordingly.