Network executives have been speculating about Buffy's future, following continued hints that Sarah Michelle Gellar will not renew her contract at the end of Season Seven.

Speaking at the Television Critics winter press tour, CBS President Leslie Moonves (who also oversees Buffy's current US home, UPN) told reporters that he's been having talks with the show's producer, Twentieth Century Television:

"One possibility is [that Sarah] comes back, one possibility is she comes back a couple of times, one possibility is we do a spin-off," he said. "Another possibility is that we have a brand new show on Tuesday at 8 o'clock."

"We've been in discussions with Joss Whedon and 20th Century Fox, and we're talking about a wide range of different possibilities," added Dawn Ostroff, UPN president of entertainment. "We don't have anything to announce yet, but we're talking about a lot of different things."

Some UK news sources have taken this to mean that the show is definitely cancelled, which it isn't. We rang our Buffy contacts at Twentieth Century Fox in Los Angeles, who were unaware of any firm decision to axe the show.

Look's like the ball is firmly in Sarah Michelle Gellar's court on this one.