Following published reports that Miley Cyrus might hang up her famous blonde wig and leave the role of "Hannah Montana" after the show's third season, ET gets a reaction straight from the Disney channel - which says there's an option for season four:

"Miley said it best when she said she's delighted to be part of the Disney family; we start production on the third season of 'Hannah Montana' on August 4 and have an option for a fourth season beyond that," a Disney rep says. "We look forward to the 'Hannah Montana' feature film coming to a theatre near you in Spring 2009."

Meanwhile, the teen sensation is gearing up for the Teen Choice Awards. Watch her talk about her first solo hosting gig in this new video!