This isn’t just a guess — it comes straight from creator Hwang Dong-hyuk in a recent interview with EW. The main focus is on another season that would serve as a prequel, which likely wouldn’t be called Season 4. He also touches on the possibility of a sequel. Here’s what he had to say:

"I actually had this faint ideation about possibly a spinoff — not a sequel, but maybe a spinoff about the three-year gap between season 1 and season 2 when Gi-hun [Lee Jung-jae] looks around for the recruiters," Hwang said. "There is that three-year period, and maybe I could have a portrayal of what the recruiters or Captain Park [Oh Dal-su] or officers or masked men were doing in that period, not inside the gaming arena, but their life outside of that. So that is some vague ideation that I have that could possibly be developed in the future."

So, this would explore the time between Seasons 1 and 2, and if it ever came to fruition — even without an actual Squid Game being played — it might be titled something like “Squid Game: Gi-hun.” One benefit would be bringing back parts of the original cast. It could also potentially provide backstory for some players introduced in Seasons 2 and 3.

But what about a true sequel? Season 4? That’s not off the table either:

“I'm not trying to say that I'm going to close the door to spinoffs or sequels altogether because they say never say never."

The real question isn’t whether Netflix would be interested — they definitely would. Squid Game Season 1 remains the most-watched series in Netflix history. Season 2 didn’t reach the same heights, but still ranks in the top 5. Season 3 could go either way, but it will likely perform well. Netflix will naturally want more Squid Game content, especially if the original creator is open to returning — after all, he’s the heart of the entire concept.

Still, no matter how things play out, any new Squid Game project is likely years away. It’s taken nearly four years to get through three seasons (technically two), and these ideas are still in early stages and not yet in production. But as Hwang has made clear, nothing should be ruled out.

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