Louie Spence, Katarina Witt and Robin Cousins's jobs are all at risk following a drop in ratings during the latest series, reports The Sun.
Spence and Witt were brought in as replacements for Emma Bunton and Jason Gardiner at the start of the series, but the duo failed to generate headlines or much viewer support.
> 'Dancing On Ice': Is it time to freeze the show out?
New host Christine Bleakley was also criticised by Digital Spy readers, who bemoaned the loss of Holly Willoughby to BBC One's The Voice UK.
The ice-skating reality show has typically topped Sunday night ratings in January for ITV1, but it lost out due to the huge success of new BBC drama Call The Midwife.
A source told The Sun: "Dancing On Ice was so boring this year - and it didn't escape the notice of the top brass.
"We're going back to the drawing board in a bid to inject some life into the show. We're looking at everything - the judges, the stars on the show, everything is up for discussion."
Producers are also apparently considering switching the series from Sunday nights to Saturday nights in 2013.