While addressing the crowd at a WalkerStalkerCon fan event in Nashville on Sunday, the 37-year-old actor -- who plays Damon Salvatore on the show -- spoke up on the fate of the hit fantasy drama series.
"We have decided to do one last season to really do the story justice," he said, according to the convention's official Twitter account.
Fans of The CW show were quick to react, writing things like, "ONLY ONE MORE SEASON WHAT THE HELL," "WHATTT, I expected this but I'm still bummed!," "Delena's justice!" and "no, no, NO, there can't be only one more season!"
However, The CW told ET in a statement, "No decision has been made." Vampire Diaries is currently airing its seventh season and has already been renewed for an eighth.
Earlier this week, Somerhalder's co-star, Kat Graham (who plays Bonnie Bennett), revealed that she isn't planning to return after season eight.
"Season eight will be my last season," Graham told Us Weekly. "I just hope that whatever I do after, the crew can come with me. If the crew can come with me, then we'll be good. The crew is going to be the hardest thing to let go, because we are a family."
ET chatted with Somerhalder back in February, where he teased that the end of the show could be near.
"It's something that everyone is talking about and there is a lot of speculation about it because we're so far into it," he explained. "I'll be honest with you, right now we're just trying to get through this one and just make this a really, really good season of television."
"We just want to get through this year and make it good and we'll see what comes about," he added. "That's all we're trying to do, but you'll be the first to know."
The Vampire Diaries airs Fridays at 8 p.m. on The CW.