The Daily Star claims that the actor, who plays Vinnie Monks, snapped up a £100,000 offer to join the jungle in the next series.
"It's all been kept very hush-hush, but it's a good deal," an insider told the newspaper. "We tried to get Bobby a few years ago but he always resisted. Now he finally appears to be up for a laugh in the jungle."
Reports at the weekend suggested that Davro had quit in favour of a new project. He has also been in talks to star in a Christmas pantomime.
Speaking last week, Davro explained: "I have had a fantastic year with EastEnders and made lots of friends. I hope to be back at some point."