It's now official, Holllywood.com tells us that Rosie O'Donnell will return return to 'The View.' We've been hearing rumors that she'll return to the show but now, it's official. The news of her return comes just after we found out that Jenny McCarthy and Sherri Shepherd have been released from the show.

A source tells Hollywood.com:

“The worst kept secret ever is Rosie is returning to the show — it’s definitely happening! ABC wants to make the big announcement of her return during the TCAs (Television Critics Association’s upfront presentations on July 15-16 ) along with the other new members of the cast."

The NY Post claims Rosie is signing a one-year, seven-figure deal. Part of the deal includes no reality stars as co-hosts.

Many consider 'The View' to be morning television’s most controversial show. Sarah Palin has said that she should be on the show, especially with Rosie on board. That would be exciting conversation for sure.