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‘Yellowstone’ : Is Kevin Costner Leaving? Is Matthew McConaughey Joining?

There may be big changes coming to Yellowstone!

Matthew McConaughey is reportedly in talks to star in a spinoff of the popular Paramount+ series as Kevin Costner considers exiting the show to focus on directing and starring in the upcoming Western film Horizon, according to Deadline.

A spokesperson for Paramount Network tells PEOPLE that they hope to have both stars be part of the Yellowstone family.

“We have no news to report. Kevin Costner is a big part of Yellowstone and we hope that’s the case for a long time to come,” the spokesperson said in a statement. “Thanks to the brilliant mind of Taylor Sheridan, we are always working on franchise expansions of this incredible world he has built.”

The statement continued, “Matthew McConaughey is a phenomenal talent with whom we’d love to partner.”

A source familiar with the situation also tells PEOPLE that Yellowstone creator Taylor Sheridan and McConaughey, 53, are looking to join forces on screen.

“Matthew and Taylor are fans of each other’s work and have been speaking about ways they can work together,” the source says.