Deadline reports Superman & Lois has been renewed for a 4th season.

But it comes with some caveats...

To make the dual deals possible there will be budget cuts that include reducing the number of series regular cast members. Superman & Lois has 12 series regulars, Deadline hears the leads are not expected to be affected but supporting cast members will likely be.

Also, the CW is likely to share some library streaming rights to Superman & Lois, which is now available on Max (formerly HBO Max).

And, the number of episodes is likely to be cut from 13 down to 10; and the 4th season on CW might be the last for S&L.