During the panel discussion, Bates referred to Paulson several times as "the people's princess," which is, of course, the nickname given to the beloved Princess Diana long before her untimely death in August 1997, in a fatal car accident in Paris.
It's unclear if Bates was simply joking, intentionally teasing fans, or if she was dropping informed hints.
While no casting for Feud's second season has officially been announced, it would make a lot of sense for Paulson to play the iconic royal. The celebrated actress had starred in many of Murphy's biggest projects -- including The People v. O.J. Simpson: American Crime Story and all seven seasons of AHS. She also has a recurring role as actress Geraldine Page on the current season of Feud: Bette and Joan.
Earlier this month, ET caught up with Paulson at the Family Equality Council’s Impact Awards, and while she couldn't confirm what role she'd be taking on in the second season of Feud, she did dish on who she would like to play -- and it wasn't Princess Di.
"I wanna play the Queen Mother!" Paulson revealed. "I don't think [Murphy's] gonna let me do that. That might be a bridge too far. He might also be like, 'Oh, lady... no!' I could play one of the corgis." Check out the video below to hear more.