Updated on October 24:

Soap Opera Digest is reporting that Eric and the head honchos at CBS have turned the tables and have come to terms with a new contract – Eric will now be staying with the show! Eric’s rep. stated, “Eric has agreed to return to Y&R.”

Previously Reported on October 18:

Eric Braeden (Victor Newman) has been unable to reach an agreement with The Young and the Restless, and will be leaving the show. He issued a statement to Entertainment Weekly, as follows:

“We reached an impasse in the negotiations. I have shown flexibility, they have shown none. It is over. I pulled the plug. That’s it. No more. If I show good will, I expect it to be reciprocated. If there is a rigid attitude on the other side, what is there to to negotiate? That’s a sign of utter disrespect. I will not negotiate with people who remain aloof and arrogant about the whole thing. Not after 30 years, I won’t do that. I’m saying this with a great amount of sadness because I’ve had nothing but respect for my fellow cast members, I have deep respect for the crew who has done an extraordinary job year in and year out, and I have enormous respect for (head writer) Maria Bell.”

Updated October 7:

According to Eric’s representation, “As of now, Eric Braeden’s last airdate on Y&R is November 2. He may or may not return to Y&R.”

Original Article September 28:

Soaps.com has spoken with Eric Braeden’s (Victor Newman) representative regarding recent online reports that Eric has been written out of The Young and the Restless, that he has already taped his last episode, and that he told other cast members that he may not return.

Eric’s rep confirmed to Soaps.com that these reports are entirely true. He added, “Eric is in talks with Y&R and may or may not be back.”

Soaps.com is disheartened at the idea of Eric not being a part of The Young and the Restless, and hopes everything works out in negotiations. What is your opinion about this casting development? Will you contact CBS to ask that they keep Eric on as Victor Newman? Let Soaps.com know in the comment section below!