Nashville might have found a new home.

The country music drama, canceled after four seasons at ABC, is near a deal for a fifth-season rescue by Viacom-owned CMT, The Hollywood Reporter has confirmed.

CMT was one of the rumored potential homes for Nashville — Hulu, Lifetime, Bravo and E! also had been mentioned in recent weeks as producer Lionsgate Television has remained steadfast in its pursuit of a fifth season. A formal announcement could come Wednesday during the CMT Awards. Sources tell THR the central issue is stacking rights, as CMT, Hulu and Lionsgate TV are eyeing a number of different options.

A Nashville revival also would mean a likely dual window for the drama starring Connie Britton and Hayden Panettiere. Hulu, which already had second-window rights to the former ABC series, had been mentioned as a potential exclusive home. Having CMT and Hulu share in the window for Nashville would make sense given the sizable price tag on the series. CMT already has syndication rights to the first three seasons of the drama.

ABC shockingly canceled Nashville in May, but Lionsgate TV refused to accept that fate and opted to go with a massive cliffhanger in its season finale (billed as a series finale) involving Juliette Barnes ( Panettiere ). The character's fate was left up in the air as her baby daddy Avery (Jonathan Jackson), waiting for her return at the airport, learned that her plane had gone missing. The series then cut to credits, leaving the fate of one of its leading ladies unclear as producers Lionsgate TV and ABC Studios actively shop the drama to other outlets following ABC's May 12 decision to cancel the show after four seasons.

For Lionsgate's part, the independent studio actively started shopping Nashville immediately and has used its Twitter feed to keep the show's 8 million viewers posted on its efforts to find a new home. To hear Lionsgate TV chairman Kevin Beggs tell it, efforts to find a new outlet for Nashville contributed to the cliffhanger finale — despite producers having also filmed what was ultimately a happy reunion for Juliette and Avery.