News: Just in: Bill Cosby returns to TV

The beloved star, who played sweater-clad Cliff Huxtable on The Cosby Show, has signed a deal to develop and star in a new half-hour sitcom that is being produced by Tom Werner, whose company produced the '80s hit, Deadline reports.

The 76-year-old will play the head of a multi-generational family, and Cosby and Werner are reportedly in the process of meeting with writers for the project.

It's been 14 years since his last TV series, Cosby, went off the air, but the actor-comedian told Yahoo TV in November that he was eager to develop another family comedy that "would satisfy the people who have come to me in public places and said, 'Can't you put something on that I can watch?' "