Charlie Sheen has signed a two-year deal to return to the top-rated CBS sitcom 'Two and a Half Men,' according to PEOPLE.

In a statement released last night, the Emmy-winning actor said, "To put a fitting end on the two and one-half months of whirlwind speculation, I'm looking forward to returning to my CBS home on Monday nights."

The kicker: According to Variety, Sheen's deal will reportedly be worth about $1.8-$1.9 million per episode, a similar figure to what Ray Romano made for the final season of 'Everybody Loves Raymond' in 2004-05.

Sheen previously made a reported $850,000 per episode.

That CBS shelled out such a high offer should come as little surprise. As Variety points out, 'Two and a Half Men' has averaged 14.7 million viewers this season, making it the most-watched comedy series on television.

Earlier this year, Sheen was publicly considering an exit from the series, but has since denied that it was a negotiating ploy.

'Two and a Half Men' is currently in its seventh season on CBS. The Eye network will officially unveil its new season schedule on Wednesday.

In the meantime, Sheen is due back in court on July 21 following his Christmas Day arrest over an alleged assault with his wife, Brooke Mueller. His lawyer has entered a not guilty plea for charges of felony menacing, criminal mischief, and third degree assault.