Vanessa Hudgens Back for "HSM3" With a "Substantial" Raise

Vanessa Hudgens will reprise her role in the upcoming third installment of the hit movie "High School Musical," sources close to the negotiation tell Usmagazine.com. A source says that Hudgens will receive a "substantial increase" in pay.

"Vanessa is locked for the movie," a "HSM3" source tells Us. "She is very happy that the deal is done."

"The contract will be signed within the next week," a Hudgens source tells Us. "It is almost a done deal."

Hudgens' nude photo scandal in September sparked rumors that she would be replaced by either Adrienne Bailon and Sabrina Bryan, both members of the Cheetah Girls. "I am embarrassed over this situation and regret having ever taken those photos," Hudgens said in a statement. At the time, Disney released a statement saying, "We hope she's learned a valuable lesson."

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Bryan, 23, dismissed rumors she would replace Hudgens at the KIIS-FM Homecoming Concert on October 27 in Anaheim, California.

"Vanessa is in control of her own career right now," Bryan told Us. "If she decides not to do 'High School Musical,' I can guarantee you that it will be her deciding that. No one will strip anything away from her."

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The movie, the first in the hit movie series to be a theatrical release, is set to begin shooting in January 2008.

Officially, reps would not confirm the casting news. A Disney spokesperson declined comment, while Hudgens' publicist tells Us: "There is no deal yet. They are still in negotiations."

A source says that Hudgens's movie (and real-life) boyfriend, Zac Efron, will also return for the sequel, though the actor's publicist says a deal is not yet signed.

Meanwhile, the publicist for co-star Ashley Tisdale, who also reps "HSM" stars Corbin Bleu and Monique Coleman, tells Us: "My clients Ashley Tisdale, Corbin Bleu, and Monique Coleman are in final negotiations now."