The actress, who has played Pearl Anderson for the last four years, will record her exit scenes on the E4 soap's set in Childwall, Liverpool, next month.
A source told the publication: "Dawn loves being on the show but the pull of being back on the stage has become too strong.
"It means Dawn can go off and take whatever projects she wants but the door is well and truly open."
Hope found fame in the '80s in musicals Little Shop of Horrors, Guys and Dolls and Follies, before making a move to the small screen in '90s sitcom Waiting for God.
She also played the recurring role of Alison Soames in Coronation Street – the mother-in-law of Tyrone Dobbs (Alan Halsall).
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A summer trailer released earlier this week showed that she's back with a bang, and quickly clashes with her niece Beth Keane (Rebecca Ryan).
Visit our dedicated Soaps page for all the latest news, interviews and spoilers.
Check out more of our Soaps coverage or visit our TV Guide and Streaming Guide to find out what's on. For more TV recommendations and reviews, listen to The Radio Times Podcast.
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