Ryan Murphy Teases New 9-1-1 Spinoff in 'a New City' After Lone Star Cancellation

9-1-1 fans rejoice! Ryan Murphy is coming to the rescue with a brand new series.

Nearly a month after FOX announced that 9-1-1: Lone Star would be concluding with its fifth and final season, the Emmy award-winning producer and franchise creator, 58, revealed that a new spinoff was in the works.

“Tim Minear and I are working on a new spinoff that we’re actually writing, and that we hope to get on the air next fall,” Murphy told Variety. “Sadly, we all love Lone Star, but the financials just didn’t work. It’s a Disney company that was on a Fox network, and it just was never going to work. And we had a long run of it."

"Now we’re going to launch a new show in a new city that I can’t name, but it’s fun," he continued. "And 9-1-1 moved to ABC and suddenly became, I think, the biggest show on Thursday night. They obviously have an appetite for that, so we’re going to give them another one that I really love.”

On Thursday, Sept. 5, FOX revealed that the Rob Lowe-led procedural was coming to an end after months of speculation surrounding its cancellation.

In a statement, Michael Thorn, President of FOX Television Network, said that the final season will give the show the "high-stakes send-off it deserves, complete with breathless rescues, insurmountable odds and relatable personal struggles, thanks to our incomparable, stellar cast led by Rob Lowe and Gina Torres."

He also thanked the show's creators, Murphy, Brad Falchuk and Tim Minear, calling them "one of the greatest creative teams in all of television" as he credited them with "creating one of the most action-packed dramas anywhere."

In August, Lowe, 60, who leads Austin's fledgling 126 firehouse unit as Owen Strand, told Variety that the cast "all went into [season 5] pretty much knowing that it was going to be the last season."

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories.

"It feels like it's probably the end of an era of a certain type," he continued. "Well, it doesn't feel like it. It is the end of an era of a certain type of show we once had an opportunity to make, and I think they're great."

Lowe said that the upcoming 12-episode season consists of "mini-movies every week," adding, "I think we did a really good job. The stories that we were able to tell on a weekly basis in terms of the scope and scale — that's probably the thing I'm most proud of."

9-1-1: Lone Star airs Mondays at 8 p.m. ET on FOX.