Walters, 83, recently returned to "The View" after a weeks-long absence while she recovered from a concussion and a bout with chicken pox.
THR said she will stay on "The View" through next season to help whoever will replace outgoing panelist Joy Behar -- and possibly soon-to-be-ousted co-host Elisabeth Hasselbeck -- get settled on the daytime chat show.
ABC News declined to comment on THR's story about Walters' 2014 retirement.
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