Bhatti played the villainous Dr Yusef Khan in the soap from 2010 to 2011.
He departed the soap on Boxing Day 2011, after dying in an arson attack for which he was also responsible.
According to News Shopper, Bhatti will appear at The Churchill Theatre, Bromley, as Peter Pan's famous antagonist.
Appearing alongside him will be Dancing on Ice star Jennifer Ellison as the boy who never grew up, and CBBC presenter Gemma Hunt as Tinker Bell.
The actor joins the likes of fellow soap actors Nigel Havers and Andrew Lancel, who will also both be appearing in pantomimes over the coming Christmas period.