Pictures in today's Sun newspaper show the tanned actor - now sporting a white beard - collecting new scripts.
Gascoyne, who plays alcoholic Peter Barlow, took time off to spend time with his wife and three children.
The 44-year-old announced his hiatus alongside co-star and on-screen girlfriend Alison King (Carla Connor) back in May.
Peter, as well as Carla, left Weatherfield in July for a "trip of a lifetime" following a stressful custody battle for his son.
Producer Phil Collinson revealed to Digital Spy in August that Peter and Carla would make an "explosive" return to the Street.
Collinson also confirmed that the popular duo will be "together for a little while", but warned viewers that they may not have a "long-term future" together.