Last night, Osbourne confirmed exclusively to AOL TV that the buzz is true -- however, she says that she won't be making a complete departure.
When the talk show returns from a summer vacation with new episodes in September, Osbourne will be taking a break from the show so she can spend more time with her rock star husband, Ozzie Osbourne.
"I've kept it no secret that I really miss my husband," says Osbourne. "He'll have been on tour for 18 months by the time it's over. I've spent a lot of time away from him. He gets a break at the end of September and so I've asked [the show] for a little break so I can be with him."
Osbourne will definitely be missed. She literally sits in the middle of the panel on 'The Talk' for a reason -- the insight and spin that she puts on issues has made her the heart and humor of the show in many respects. The good news is that she's planning on remaining with 'The Talk,' just in a reduced capacity.
"I don't want to give [it] up. It's a great, great show. We've all worked really hard over the last year. I'm not going to walk away from that. I just need some real good quality time to be with my hubby.
"I'm very close to the women on the show," she warmly added about co-hosts Julie Chen, Sara Gilbert, Holly Robinson Peete and Leah Remini. "I didn't think that I would be [because] none of us knew each other going into it. We just didn't know each other socially." (Daytime Confidential's sources had it the other way around, citing "tension on the set.")
When we asked her 'AGT' pal, host Nick Cannon, about the news, he said he doesn't envy 'The Talk' trying to fill Osbourne's void. "She's marvelous. She's the caregiver to us all. She just calms us all down."
Will you miss Sharon Osbourne on 'The Talk'?