The BBC One show, which launched in 1985 and is currently shown on Monday, Tuesday, Thursday and Friday nights, is set to go back to its roots showing episodes twice a week.
Reports this morning suggested that the soap would go down to three nights a week.
'EastEnders' ratings slumped to an all-time low recently with 6.2m for an episode last month, beaten by ITV's second most popular soap 'Emmerdale', which attracted 8.1m viewers.
In its heyday, 'EastEnders' used to attracted as many as 13m viewers a week.
A BBC spokesman has rubbished claims the soap is to be axed to two or three nights a week.
The BBC is also rumoured to be in negotiations to bring Ross Kemp, who played hardman Grant Mitchell, back to the soap, although this seems to have been played down by the star himself, who was recently quoted as saying the show was being flogged to death.
Other reports suggest a mass cull is being discussed in which up to 14 characters could be axed, top of the list being the Asian Ferreira family, who have been described by tabloids as "dull".
The troubled soap suffered further bad news last month when its executive director Louise Berridge announced she was leaving after three years at the helm.
She is to be replaced by the executive producer of 'Holby City', Kathleen Hutchison.
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