Bill Wolff, executive producer of The View, shared the news with the show's staff in an internal email obtained by ET. "Our friend Rosie Perez has decided to leave the show to pursue full time her love for acting,” Wolff wrote.
"Stepping into the role of talk show host at the same time she has been starring on Broadway has been incredibly impressive. And beyond being an enormously talented performer, Rosie is a dedicated advocate who has brought passion and insight to the panel every day," the email continues.
Wolff expressed that Perez would be leaving on amicable terms and that the show's relationship with the actress would remain cordial.
"Rosie will always be a part of The View family, and we will welcome her back as a guest anytime to catch up," Wolff explained, adding that the show will pay tribute to Perez before she leaves next month.
Though no date was indicated in Wolff's email, Deadline reports that Perez will be leaving the daytime talk show at the end of the season on Aug. 6.
The future of co-host Nicolle Wallace is also unclear at this point. Wallace is a political pundit who frequently makes appearances on MSNBC, and the upcoming presidential election may lead to her departure from the view to focus on political commentary.
Perez and Wallace both joined The View in September 2014.
Meanwhile, long-time host Whoopi Goldberg and actress Raven-Symone, who officially joined the show in June, will be returning, according to Deadline. It's unknown if frequent guest Michelle Collins, who The View had been eyeing for a full-time roll on the program back in May, will continue to contribute.
Reports that Perez would be leaving The View first popped up in January, with Variety reporting that she had decided to quit. Perez's rep denied the rumors, and the actress ended up staying on.