Billy J. Miller (Billy Abbott) has re-signed with The Young and the Restless, according to a published report. The news will, at least for now, quell the annual rumors that surface regarding his status with television's number one soap.

Soaps In Depth reports that Miller has signed a new contract with the CBS soap, though the details of the new contract were not revealed.

Since 2011, Miller's future with Y&R has seemed incredibly tenuous at times, with whispers that the actor wanted to leave daytime popping up every few months. In fact, in March 2012, Soap Opera Digest reported that Miller's exit was a done deal, and that Y&R would recast the role of Billy Abbott. It was later revealed that Digest jumped the gun with its report.

This time around, Miller's exit also seemed a certainty. Sources say that prior to the show's behind-the-scenes executive changes, the actor was unhappy and ready to leave. Soap Opera Uncensored's Nelson Branco also hints that Y&R toyed with the idea of using the recently hired Steve Burton as a way to hedge its bets in the leading man department should Miller have opted to leave.

Miller began his daytime run in 2007 on ABC's All My Children. Miller debuted on The Young and the Restless in September 2008, becoming the fourth actor in six years to play the role of Billy. In 2010, Miller earned his first Daytime Emmy, winning the Outstanding Supporting Actor trophy. He was nominated in the category again last year.

CBS does not comment on contracts or contract talks.