Could All My Children and One Life to Live Return Next Year?

Rejoice, soap fans!

Canceled daytime soaps All My Children and One Life to Live may be returning as soon as next year, Deadline reports.

Prospect Park, which made a licensing deal with ABC back in 2011 to resurrect both shows online, has signed deals with the actors union and the directors guild to begin production in the first quarter of 2013. At this time, the status of the production company's talks with the writers guild is unclear.

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All My Children and One Life to Live were both supposed to start online at the beginning of 2012, but Prospect Park stopped work on the project in November 2011, citing financial and logistical issues.

"After five months of negotiations with various guilds, hundreds of presentations to potential financial and technology partners, and a hope that we could pioneer a new network for the future, it is with great disappointment that we are suspending our aspirations to revive One Life to Live and All My Children via online distribution," Prospect Park's Rich Frank and Jeff Kwatinetz said in a statement at the time. "We believe we exhausted all reasonable options apparent to us, but despite enormous personal, as well as financial cost to ourselves, we failed to find a solution. ... In the end, the constraints of the current marketplace, including the evolution and impact of new media on our industry simply proved too great a match for even our passion."

Now that things are looking up for the shows to return, preliminary discussions have begun with actors from both soaps to come back.

All My Children ended it's 41-year run in September 2011. One Life to Live wrapped in January after 44 seasons.

Are you excited these shows are coming back? Which cast members do you want to return?