Will there be a season 3 of arcane? (ANSWERED)

☆Lysyly☆ asked, "is there gonna be a season 3?" And my answer is probably not. Sadly, the show was supposed to always be a "2 season show". Is it sad….yes. BUT! Riot games has stated that they are working on possibly making other shows about league of legends (the game arcane was based off of) so, we could get other content? (I'm praying for a show about Viktor's backstory)