Rosie O'DonnellWatch out, Elisabeth Hasselbeck. Rosie O'Donnell is headed back to daytime TV.

The Hollywood Reporter has confirmed reports that the multiple Emmy-winning host has teamed with Dick Robertson and Scott Carlin for a syndicated talk show that would launch after Oprah Winfrey's exit in fall 2011.

Showbiz 411 first broke the news yesterday, with sources claiming that O'Donnell was overheard at a New York restaurant talking about a deal that is "almost done" to return to daytime.

The news should come as little surprise to daytime followers, considering the overwhelming success she had as host of the 'Rosie O'Donnell Show.' The show ran from 1996 to 2002, and won the famous funnywoman a slew of awards, including six-consecutive Daytime Emmys for Outstanding Talk Show Host.