Squid Game season 3 has ended, but if you think that’s the last you’re going to see from the series, I wouldn’t put money on it. And I don’t just mean Netflix’s ill-conceived game show.

Rather, the end of the Squid Game finale (spoilers) has the Frontman in America delivering billions to Gi-hun’s daughter. As he leaves, randomly, in an alley he sees none other than actress Cate Blanchett playing the very Korean Ddakji game and slapping a man that she apparently is trying to recruit for an American version of Squid Game. But the creator of the series, Hwang Dong-hyuk, did not say this meant a US-based version was coming.

The idea of this scene is very weird, contextually, as the founder of Squid Game died in season 1, and now the Frontman runs the entire game, except he doesn’t seem to know about this version. Or maybe the look on his face says he does? It’s all very hard to parse, but like many things about the season finale, it doesn’t make much sense.

But now the question is whether or not this was a true teaser for a Squid Game: America spinoff, a sort of MCU post-credits scene implying where things will head in the future. I believe that some people are convinced this is a reality, and I’ve even seen a fake Squid Game Universe timeline being circulated on social media. But the reality is more complicated.

A Squid Game: America series was in fact brought up a while ago. This is still technically the “latest” news on an American Squid Game, despite being all the way back in October 2024, as we have heard nothing from Netflix about it since. The original report from Deadline relayed that David Fincher was developing a new English-language Squid Game series. This would not be a remake of the original series; this would be a new story, set in the US. It also comes after an even older story that Fincher may have done a Squid Game movie for Netflix. But the last report was a new show.

That is, in fact, the last report. We don’t know if the Blanchett cameo and the new game reveal are definitely going to lead to a new series, but creator Hwang Dong-hyuk recently told EW “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.”

His main point of discussion was an idea he had about a Gi-hun show that took place between seasons 1 and 2, which would not feature an actual game. And it’s likely that if there was an American series, it would be done by someone else, even if Hwang was consulting. Someone like Fincher.

Is this likely? The last big news involving David Fincher was that he was directing a Brad Pitt-starring sequel to Once Upon a Time in Hollywood, Quentin Tarantino’s original film. That’s still casting and spooling up and will not be out for a while. Though Fincher “developing” a Squid Game: America show would not be directing the whole thing, almost certainly.

I absolutely believe Netflix is going to try to make this happen and not let go of Squid Game. Season 1 has not been surpassed as the #1 show in Netflix history. Season 2 is inside the top 5, and season 3 is likely to be around that. Netflix won’t stop now.

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Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.