Photoshop PSD file to After effects eclipse tool

This would be better posted within the After Effects forum.
Please do not repeatedly post the same idea though, it may be considered spam.
Dave

Lets try this..coming from a video editor, can the senior tech team and engineers develope a way using the type tool to start a text, then add whatever SFX graphics and fonts the consumer wants to use..then remove the canvas background by clicking the eyeball found in the layers section of the photoshop software..save the file as a PSD.

Now reopen the photoshop software and create an elipse tool from the left side toolbar..with that in place, insert your saved text PSD file by clicking the upper left photoshop file/place embedded/select file screen, insert the file into the new photoshop canvas with the elipse tool already made...and this is the point that the photoshop engineers will have to develope a programming code to combine both the PSD file and the elipse tool