In the new season of This Time Next Year, Karl will sit down with Australians facing immense personal battles, such as cancer.
And after going through his own personal struggles last year, Karl is the perfect person to host the comeback-driven series.
Channel 9 advised the 44-year-old to take some time after leaving the Australian breakfast show.
"It’s been about six months since I was on the telly and I needed to have a rest towards the end of last year, I was cooked," the ex-co-host confessed, adding, "it had taken its toll, a lot of the attention at the end of last year... a lot of unwarranted attention, I thought."
WATCH: Karl talks about being bad on the Today show
Karl's goal was always to return to Channel 9, after spending some time recovering.
"Thanks to our viewers mostly, you are what matters most. It’s been a tough time. Thanks for hanging in there. I look forward to seeing you in another capacity at this great network soon," he said at the time of his dismissal.
Stefanovic revealed that his 6-month break had allowed him to recuperate and gain perspective.
"It allowed me to think about life in a much clearer way and to know that when I did come back, I would be okay," the father-of-three said.
Now, Karl is being embraced by the Nine Network again, with several gigs lined up for the TV personality. Aside from hosting This Time Next Year, the dad-of-three host is also working on stories for 60 minutes.
His hosting gig news came a month after former Today show host Sylvia Jeffreys broke her silence on leaving the breakfast show. Speaking to Stellar magazine, the 33-year-old discussed 'speculation' that she and husband Peter Stefanovic were damaged by Karl Stefanovic and wife Jasmine Yarbrough's high-profile wedding.
"[Karl and Jasmine] are beautiful people who love each other very much and that's all I really care about," she said.
Despite denying that their lavish wedding ceremony— which WHO had exclusive access to— had anything to do with her departure from Nine, the 33-year-old did admit the sudden change was also a shock to the system.
"I didn't see change on that scale coming... It was a lot to digest all at once," she told the publication. "I don't know on what basis those decisions were made, but whatever way you look at it, I was collateral."
If you would like to talk to someone about mental health, you can call the Kids Helpline on 1800 55 1800 or Headspace on 1800 650 890. If you are contemplating suicide or having suicidal thoughts, please call Lifeline on 13 11 14, or the Suicide Call Back Service on 1300 659 467. If you are in immediate danger, call 000