It’s all happening! For months, Yellowstone fans have been on tenterhook over the rumors that stars Kelly Reilly and Cole Hauser were in negotiations to carry on the beloved Western drama into a sixth season. With season five having finally come to a close, the odds of a last-minute renewal seemed slimmer and slimmer, but a report by Deadline ahead of the finale revealed that Reilly and Hauser have reportedly signed on to a new spinoff show to carry on the stories of Beth and Rip!

Though Paramount has yet to officially confirm the series, stars Reilly and Hauser have seemingly given the thumbs up to the rumors recently. When asked in a comment on an Instagram post whether the rumors of a spinoff were true, Reilly responded with a hopeful single-word answer, “True.” Hauser also gave fans something to get excited about on Instagram, sharing an image from early in Yellowstone’s filming with a caption including the line, “What a ride. What a office. See ya on the next.”

Here’s the (very little) we know so far about the potential spinoff:

What will the Beth and Rip series be about?
The season 5 finale of Yellowstone (which now seems to have been set up as a series finale) hinted at what’s to come for the characters, with Beth buying a new property for the couple to live on. As she explained, the ranch comes with 7,000 acres of its own land, plus another 20,000 in a lease, where they can run cattle and horses.

As she describes it, the ranch is “40 miles west of Dillon, over 2 hours from an airport, not a fucking ski resort in sight,” and while that might sound unremarkable, the mention of Dillon actually could hint at how The Madison—the previously unconnected series that’s been billed as a Yellowstone spinoff—ties in. Dillion, Montana is in the area known as the Madison Valley, where the titular show is supposedly set. While no other connections to that series were mentioned in the episode, it’s possible that we’ll see some ranching crossover in the ever-expanding Yellowstone universe.

Per Deadline, the new show will carry Yellowstone in the title—unlike the series’s prequels 1883, 1923, and 1944, or the upcoming spinoff The Madison—and will likely appear within the Paramount family, though it’s not currently clear whether that would be on Paramount Network (the cable home of Yellowstone) or on the streamer Paramount+. Deadline explained, “While the intent remains to continue the story in Yellowstone and a source has indicated that doing another season is not completely out of the question, the focus ultimately returned on doing it in a new series.”

The decision to make the new series a spinoff rather than an extension of the flagship show may be, in part, due to a streaming deal that Yellowstone cut back before Paramount helmed its own streamer. Despite all of the associated Dutton-verse shows appearing on Paramount+, the original series is only available on Peacock—a new title would potentially allow Paramount to capture the streaming rights for the new Beth and Rip offshoot.

We will continue to update this story as more is announced.

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Lauren Hubbard is a freelance writer and Town & Country contributo