Ray Donovan season 7 aired its final episode on Sunday, Jan. 19, on Showtime. Since then, fans have been wondering whether the series is coming back for another season or not. Right now, the network hasn't released any official details about Ray Donovan season 8, so the fate of the show is still up in the air.

Showtime hasn't officially renewed or canceled Ray Donovan season 8. Fans have been waiting for the announcement regarding the series' renewal status, though many believe the show will be coming back at some point. But, if ever it will be renewed, the upcoming installment would likely be the final one.

In a recent interview with Deadline, Showtime's Co-President of Entertainment Gary Levine said the decision regarding the Liev Schreiber-led series will be revealed within the "next few weeks." He then noted that if the series is coming back, Ray Donovan season 8 would likely be the final one as the series is "near its end."

In addition, Levine revealed they've always considered about seven or eight seasons, though nothing has been decided as of yet. Also, Schreiber previously said on his Instagram account that the decision about Ray Donovan season 8 is still up to Showtime.

The actor wrote that the decision is in the hands of the network and asked fans to reach out to them so the series will be renewed. Moreover, it feels like the series needs another season to cement its legacy, tie all the loose ends, and give closure to all the characters.

There are still a lot of stories to tell in Ray Donovan season 8. The previous season left some cliffhangers, with Mickey Donovan still somewhere out there, while Ray gets more closure on his sister. Additionally, more dead bodies have been featured -- something the series needs to address in the future.

When it comes to ratings, TV Series Finale revealed Ray Donovan's ratings slipped season to season. For instance, the viewership of season 7 is down by about 7 percent compared to season 6. But despite that, the show remains as the second most-watched series in Showtime -- just behind Homeland.

Meanwhile, if ever Ray Donovan season 8 will officially be renewed, it will possibly follow its late fall pattern. Thus, viewers will likely get the new season around October or November 2020. But, as per CarterMatt, the potential eighth installment will be dropped either late 2020 or early 2021 with 10 episodes to wrap up the story.