"Community" aired on NBC for five seasons from 2009 to 2014 before its cancellation.
The series followed a group of students at a community college in the fictional locale of Greendale, Colo., and made liberal use of meta-humor and pop culture references.
The cast included Joel McHale, Gillian Jacobs and Danny Pudi and — despite moderate ratings — gained a sizable cult following.
Series creator Dan Harmon addressed rumours about it possibly being brought back for a sixth season during a session at the Banff World Media Festival on Wednesday.
"I thought they were just phantoms but I was subsequently given information that there was something to those rumours," Harmon confirmed.
Sony, the primary producer of "Community," is reported to be shopping the show to other networks and online distribution outlets, with possible new homes for the show including Hulu and Comedy Central.
"This is the place where Sony excels — brokering deals and making the impossible possible by just brute force and contracts and tractors full of money in smoky rooms," Harmon said with a laugh.
"They were talking to Hulu and Hulu was very responsive. I would temper that by saying I feel like a regular fellow looking at the whole thing it seems so impossible to pull off. So many deals would have to be made that aren't currently made, so many contracts would have to be negotiated," he added.
"I prefer to be pessimistic so I can get surprised."
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