Looks like Captain Price returns in Modern Warfare 2
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According to his agent's website, Billy Murray has been in LA reprising his role as Captain Price in Modern Warfare 2.
You just can't keep a good soldier down, apparently, even after being severely wounded. Looks like that Russian medic saved him after all back in 2011 so he could live to fight another day in 2016 when MW2 takes place.
Guess we will just have to wait and see exactly what part he has to play come November.