'The Lord of the Rings: The Rings of Power' is on the verge of being renewed for a third season at Amazon. Showrunners JD Payne and Patrick McKay have been prepping next season's story for months, but the lack of official greenlight has been a source of speculation and concern among some fans — especially since the second season was ordered years before the first season debuted. The official renewal news will likely be announced sometime this month.