Yes, you read that right—according to celebrity news, CHAZ BONO is saving up for a penis!

New year, new genitals.

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Chaz Bono, formerly known as Chastity Bono, the daughter (who must now be called a “son”) of Cher and Sonny Bono, is on his way to switching genders completely. After getting his breasts removed (and a few other things), all the “Dancing with the Stars” alum needs in his quest to become a man is just one more thing… a penis.

CHER‘s daughter son, CHAZ BONO just dumped his fiancee, JENNIFER ELIA, after a two-year engagement, with Chaz telling Elia he could do better than her, celebrity news just heard.

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The “Dancing With The Stars” alum, born Chastity Sun Bono, had  reportedly been engaged to Elia for a while, but only presented her with a ring in November. And barely a month later, the man now known as Chaz Salvatore Bono broke it off completely after telling Elia she just wasn’t the right one for him…

“Dancing With The Stars’” first transgender contestant CHAZ BONO brought in the legal big guns over a certain tabloid’s prediction of his death from liver damage. Enquirer has told the whole world Chaz has an estimated lifespan of four years left, and Cher‘s daughter son is fuming mad about it…

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Recently booted from “DWTS,” Chaz has been the subject of so much hate because of his transgender status that his mom, Oscar winner Cher actually stepped in to to verbally slam Chaz‘s detractors. And now, they’re trying to kill him off…Chaz has had enough.

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CHER‘s on the warpath…she went all outraged mother hen and defended her daughter…uh…son, CHAZ BONO against critics who’ve slammed his coming stint on “Dancing With The Stars.”

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Hollywood gossip websites read some of the Academy-award winner’s tweets, and they were all aimed at people who’ve been taking potshots at heavyset Chaz‘s attempts to dance his way to fame and fortune on television. Most prominently, Cher defended her son, formerly known as Chastity Bono, for his decision to have a sex change towards his gender of choice.

Celebrity news has learned that CHAZ BONO, son (formerly daughter) of SONNY and CHER, has signed on for “Dancing With the Stars.” Kind of a weird choice, isn’t it?

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Sources tell TMZ that Chaz will definitely be showing of his dancing skills on the shiny hardwood floor of “DWTS” in the new season.

And also, in case you were wondering, Chaz will be partnered with a female professional dancer. And why not? After his recent sex change, he’s now legally considered a man.