Mr Yiannopoulos, who was banned from Twitter after posting a series of offensive tweets, is said to have struck a deal with Threshold Editions, an imprint of Simon & Schuster that previously published Donald Trump’s last book, Crippled America.

“They said banning me from Twitter would finish me off. Just as I predicted, the opposite has happened,” Mr Yiannopoulos reportedly told The Hollywood Reporter.

“Did it hurt Madonna being banned from MTV in the 1990s? Did all that negative press hurt Donald Trump's chances of winning the election?”

Jennifer Robinson, a spokeswoman for Simon & Schuster, told The Independent: “We never comment on advances.”

Mr Yiannopoulos was permanently banned from Twitter after posting a series of derogatory and racist comments about Ghostbusters actor Leslie Jones.

Milo Yiannopoulos defends Breitbart headlines as 'satire'

“I met with top execs at Simon & Schuster earlier in the year and spent half an hour trying to shock them with lewd jokes and outrageous opinions. I thought they were going to have me escorted from the building — but instead they offered me a wheelbarrow full of money,” told the Reporter.

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News of the deal comes as the 32-year-old is filming a tour of college campuses that will feature in a forthcoming documentary.

“Every line of attack the forces of political correctness try on me fails pathetically,” he said.