TMZ and FoxNews.com are reporting this morning that Rosie O'Donnell will be returning to ABC's "The View." The comedian left the show in 2007 after a one-year run, which featured many contentious political disagreements with current Fox and Friends co-host Elisabeth Hasselbeck.

The show currently has only one host, Whoopi Goldberg, returning for next season after Barbara Walters' retirement. Jenny McCarthy and Sherri Shepard will also not be returning.

Harvey Levin of TMZ told Greta Van Susteren last night that he believes Hasselbeck was "the key to the success of the show" because she was a "lightning rod" who pushed back against the others' opinions. Levin opined that viewers are not interested in seeing all of the hosts agreeing with each other.

Thought it's her week off, Steve, Anna and Brian gave Elisabeth a call this morning to get her reaction to the news. Hasselbeck said she believes Rosie's return has been in the works for a while, saying she appeared to have a "lot of control" at Walters' farewell show where they both appeared.

Elisabeth said that looking back, she believes that broadcast was more like O'Donnell's "hello show."

"Anyone who's going to be in that seat, if indeed this is all going to play out as I think it will or already has, will have to be fully approved by Rosie," she explained, adding that Whoopi Goldberg is the "leader" on the show right now.

Steve then asked whether she thinks the two will butt heads.

"I don't think it would be wise for Rosie to challenge Whoopi on anything," she answered.

Watch the full interview above, and the On the Record interview with Levin below.