Alex O'Loughlin by Barry King/WireImage.com
The rabid Moonlight fans across the country can finally breathe a sigh of relief because their beloved vampire, Alex O'Loughlin, will be staying at CBS.

According to The Hollywood Reporter, O'Loughlin will star in a new series project for CBS to be developed by top TV producer Mark Gordon whose credits include such hit shows as Grey's Anatomy, Army Wives and Criminal Minds.

No word yet on what the Australian actor's role will entail, but we're sure his fan base is hoping for something they can really sink their teeth into. - Gina DiNunno