The sequel to the classic sitcom, Frasier, will not return to Paramount+ for a third season. Deadline and The Hollywood Reporter said CBS Studios, the show's producer, is hoping to find it a new home at another network or streaming service.

Paramount+ has opted not to renew Frasier for a third season. Producer CBS Studios remains committed to the series and will it to other outlets.

Despite the disappointing cancellation news, it has been reported by Deadline that the producer of the series, CBS Studios, plans to shop Frasier to other outlets. So, season 3 may not be coming to Paramount+ but there is the possibility that it could pop up elsewhere.