Is Paolo Seganti Coming Back To ATWT? (Update)

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Is Paolo Seganti coming back to As the World Turns as Damian Grimaldi? It's a possibility according to Nelson Branco's latest Suds Report:

Watch out, Luke! Writers and producers are buzzing over the fact that ATWT is thisclose to re-signing Italian stallion Paolo Seganti as Damian Grimaldi. “They’re negotiating,” report various backstage sources. “We need to get those ratings up — and Paolo has the star power to help that happen,” one insider adds. Seganti was last seen in 2006, and originated the role in 1993. Memo to Seganti: Lily isn’t herself these days!

Update: Soap Opera Digest can confirm that Paolo Seganti's Damian will be back in Oakdale mid-March.