Karl Stefanovic is expected to return to the Today program in 2020 after he was unceremoniously axed last year.
The 45-year-old will co-host with Weekend Today's Alli Langdon while Georgie Gardner will leave the show, News Corp reports.
The Nine Network's flagship morning program has hit record low ratings since Stefanovic was dumped in 2018 after 15 years.
His sacking followed a difficult year in which the show's ratings were already falling amid unrelenting coverage of his personal life.
Stefanovic left his wife of more than 20 years, Cassandra Thorburn, in 2016 and began dating designer Jasmine Yarbrough.
He and Yarbrough, 35, wed in a lavish four-day celebration in Mexico last December.
Australian Associated Press