Charlie Sheen is apparently coming back to television following his much-publicized “divorce” from the CBS hot series “Two and a half men” and subsequent public meltdown.

According to RadarOnline.com, Sheen has signed a contract to star in a new sitcom with Lionsgate Television.

Charlie has inked a deal with Lionsgate Television to create and star in a new sitcom,” a source told RadarOnline.

Charlie's character will be very similar to the one he played on 'Two And a Half Men,' however the show will be a lot racier.

The source also said that cable networks have entered into bidding war for the new show, with TBS among the leading candidates.

The source added: Plus cable makes more sense because it offers more creative freedom. In other words the show can be raunchier and more outrageous, which is perfect for Charlie! Lionsgate Television will produce the show. They have committed to ten episodes up front with the option to pick-up and produce 90 more episodes if the ratings prove to be successful. This means the sitcom could be on TV for 8 years, which is a long time! It also means that Charlie will make more money than ever before!

However, the source then seemed to contradict himself by adding that the drug-addled Sheen, who reportedly earned $2 million per episode, won’t make that kind of scratch on his new deal.

Charlie will make less upfront which is a plus for Lionsgate. ... This way Lionsgate is less at risk of losing money should the show flop or should Charlie have some sort of meltdown, the source said.