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Published 14:04 31 Jul 2017 BST
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According to the New York Times, MTV president Chris McCarthy has said that the music show which ended in 2008 will be making a comeback.
Like when it started in 1998, MTV is currently building a brand new studio in Times Square in anticipation for the revival of the show and McCarthy said that TRL will be pushed out to an hour a day (instead of the usual 45 minutes) with the potential to expand to two or three hours.
Sadly, Carson Daly will not be returning as the host of the show and instead, there will be "five fresh-faced co-hosts" at the forefront.
The reboot comes after the music-themed network experienced big dips in their ratings over the last four years and the channel believes that in order to increase those ratings again, they need to appeal to a younger audience.
In saying that, the show will have unique daily content going up on Snapchat, Instagram and other social media accounts to connect with their target audience but McCarthy hopes that TRL will be enough of a household name to bring the ratings up also.
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