Ray Donovan season 7, recently, concluded on Showtime and many were wondering if the network would renew the series for another season. Right now, there's no official announcement about the renewal status of the series. Many believe Ray Donovan season 8 is happening, but it would probably be the final installment of the series.

Showtime hasn't confirmed anything about Ray Donovan season 8 and didn't share anything during the TCA Winter Press Tour. According to CarterMatt, there's a chance the series would be renewed for another season, but it would likely be the last one. The network recognized that the series is "nearing the end," hinting that the potential eighth installment would be the series' final run.

Speaking with Deadline, Showtime's Co-President of Entertainment Gary Levine said they'll make a decision on the future of the Liev Schreiber-led series in the "next few weeks." His statement suggests that Ray Donovan season 8 is happening, even though there's no official renewal announcement. The new season will also be the final one, with Levine noting "Ray Donovan is nearing the end of its run."

Levine also said they've always talked about seven or eight seasons, but nothing has been decided as of the moment. The good news here is that viewers will still be seeing the series after season 7. However, the bad news is that Ray Donovan season 8 would be the final run. In addition, the potential new season would, reportedly, would be on par with how the recent drama has been building.

The titular character has always been a fixer to others, but couldn't even fix his own life. In terms of ratings, TV Series Finale reported Ray Donovan slipped season to season. In season 7, the viewership is down about 4 percent compared to season 6. Despite that, the series is still the second most-watched program in Showtime behind Homeland.

As for the possible release date of Ray Donovan season 8, the series will likely follow its late fall pattern. That means viewers will get the new installment around October or November 2020. CarterMatt also suggests the final season will be released either late 2020 or early 2021 and will bring more than 10 episodes to wrap the story up.

Since Showtime is planning to make an announcement within the next few weeks, fans will know the fate of the series sooner than later. Also, the network probably wants to give the series a proper ending, and Ray Donovan season 8 will tie all the loose ends to deliver a satisfying conclusion.