The 28-year-old character, who was previously played by Adam Rickitt, will return to the cobbles later in the year as a new actor takes on the part.
Following a relationship with Leanne Battersby (Jane Danson), Nick left for Canada in 2002 and briefly returned for his mother Gail's (Helen Worth) wedding to Richard Hillman (Brian Capron).
His next return came in September 2003, during which Todd Grimshaw (Bruno Langley) attempted to kiss him in what was Coronation Street's first gay clinch.
When his on-off relationship with Maria (Samia Smith) broke down, Nick was last seen leaving the Street in a taxi to start a new life and job in Nottingham. Since his departure, he has been referenced in scripts by his family on numerous occasions.
A Corrie spokesperson said: "It will be great to see the return of Nick, he has so many links with the street - both with his family and also with the various women he has had relationships with."
They added: "It will be interesting to see how Leanne and Maria will react to his return and of course David has never really got on with his half-brother so there will be some fireworks there."
Rickitt can currently be seen in New Zealand-based soap Shortland Street. He previously embarked on a brief pop career before being approved as a prospective candidate for the Conservative Party.
Last week, it was claimed that producers are lining up Tina O'Brien for a return as Nick's sister Sarah-Louise Platt.
Ryan Thomas, who plays Jason Grimshaw, recently revealed his desire for his screen brother Bruno Langley to make a comeback.