Chip and Joanna Gainesare expanding their empire and making a return to television!

Magnolia spokesman John Marsicano also confirmed the news in an exclusive statement to PEOPLE: “We’re excited to share that we are currently in the early stages of talking with Discovery about a lifestyle-focused media network for Magnolia. The details surrounding this opportunity remain a work in progress, but together, our hope is to build a different kind of platform for unique, inspiring and family-friendly content.”

The Tonight Show

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Speaking with Fallon, Chip offered some insight into his next venture with Joanna, 40.

“I think we’re really going to carve it out in a way that really makes sense to us and our families,” he said. “It’ll be filmed a lot in Waco, Texas, so we don’t have to travel a whole lot. All things being equal, we could not be more excited.”

WATCH THIS:Joanna Gaineson Juggling 5 Kids and Her Magnolia Empire: Crew ‘Gave Me an Extra Kick in My Step’

They have dozens of other projects, ranging fromvacation rentalsto memoirs, cookbooks and Joanna’s latest design bookHomebody: A Guide to Creating Places You Never Want to Leave.

Perry Hagopian

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“The show was amazing and we are so thankful for it, but it’s also a whirlwind where, if you are not careful, it will flat run you over,” Chip told PEOPLE in October. “You can’t believe how out of gas you are.”

Still, they never wrote off the possibility of returning. “We never rule anything out and we’re go-getters,” he said. “We love to live life to the fullest and sometimes the journey is unexpected to say the least.”

While exactly how much Chip and Joanna will be in front of the camera is still to be determined, everyone is excited about the new venture.

“The Gaineses are exceptional people, true authentic storytellers and creative visionaries who will nourish millions of people with quality, family-friendly programming accessible on a 24/7 network and across all screens,” Discovery spokesperson David Leavy told PEOPLE in a statement. “Stay tuned…working out the final details…more to come soon!”

source: people.com