The bad boy, played by Nigel Pivaro, will cause a stir in the area by setting up the business in a few weeks' time, according to The Mirror.
It is thought that Terry's latest antics could spark particular opposition from the street's more conservative residents.
A Coronation Street source told the newspaper: "Can you imagine the impact the place will have on the more elderly characters in the street?"
Coronation Street bosses announced plans for Terry's return last week, promising fireworks when he is reunited with his son Tommy (Chris Fountain).
Producer Phil Collinson recently said: "I grew up watching [Terry] duck and dive and break his parents' hearts - a deliciously evil performance from Nigel Pivaro.
"This time, though, he'll not only be blighting the life of his son Tommy but the lives of every resident of Coronation Street with a typically audacious scheme."
Coronation Street will air Terry's return scenes in April.
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