The New York Post is reporting that Rick Rubin has signed a deal with Warner Bros. Records to house American Recordings — home to veteran Los Angeles thrashers SLAYER. This brings American back to its former home, following stops at Columbia and Island Def Jam. It also reconnects Rubin with Lyor Cohen, who inked American to Island Def Jam before becoming the U.S. head of Warner Music Group.

SLAYER had previously announced that they were putting the recording sessions for their new album on hold while Rubin began negotiating a new deal for American. Rubin has worked with SLAYER since he produced the band's 1986 thrash classic "Reign in Blood", and his status is expected to greatly affect the level of support American gives any new album.

Source:blabbermouth.net