Gabby Concepcion's lawyer, Jose Flaminiano, announced on Thursday that they are ready to return the money that GMA Films paid the actor as deposit for his supposed to be comeback movie, I.T.A.L.Y.

After appearing on “The Buzz” last Sunday and announcing that he is now an official kapamilya, the camp of GMA Films reminded him that he signed a contract to do his first movie under the kapuso network with provision that he must not commit with other film outfits.

Gabby was said to have received an initial amount of P1.75-million for the movie, “I.T.A.L.Y. (I Trust And Love You)” as advance payment, but after his appearance on the kapamilya talk show “The Buzz”, he was as replaced by Zaido star Dennis Trillo.

Gabby’s manager explained that the they backed-out from the kapuso movie because they didn’t approve of the script, thinking that since it was his comeback film, the story should revolve around him.

GMA Films President Annette Gozon-Abrogar, on the other hand, replied that it’s up to them to accept the terms of Gabby’s camp.

On 24 Oras last night, Ms. Annette mentioned that Gabby called her up to settle the issue.

“Kasi contract nay un eh (It was already a contract). It was partially executed and they cannot just finish a contract with that,” Abrogar said.

“Hindi pwedeng solian lang ng kandila. Pagdating sa ganyan (We can’t just break ties just like that. When it comes to a contract) we should respect it,” she added.

“I told him na sana makahanap kami ng way para maayos na lang to (that I hope we could work things out) without escalating to something nasty,” Abrogar said.