Earlier today, The CW announced that Arrow and The Flash have been renewed, along with six other shows, during the network's TCA Winter Tour presentation. Network president Mark Pedowitz also revealed that The CW is engaged in "very early talks" with Arrow producers Greg Berlanti, Andrew Kreisberg and Marc Guggenheim for yet another spin-off, based on the Ray Palmer/Atom character played by Brandon Routh. While he hasn't transformed into Atom yet on Arrow, a new trailer released last week showed Palmer constructing his Atom suit, so it seems we'll be seeing him spring into action very soon. Here's what Greg Berlanti had to say about the Atom spin-off.

"We're in very early talks in a very general idea that we haven't gone deeper on yet."

Mark Pedowitz added his own brief statement teasing the possible spin-off.

"You'd have to be judicious. Could there be another hour in that universe? Possibly. That's why we're in preliminary discussion. [The show] has to stand on its own legs."

Brandon Routh was also on hand at the presentation, who is best known for playing the Man of Steel in the 2006 film Superman Returns. The actor revealed that he was "hesitant" to return to the DC Comics universe at first, but went onto claim that it has been an "amazing experience."

RELATED: Arrow Season 4 Finale Trailer Reveals Darhk's Diabolical Plan
"When [the Arrow role] was proposed, I was hesitant to step into DC world again. I never thought it would happen and that I would play, in my mind, a pivotal character. It's been nothing but an amazing experience."

The actor also added that the spin-off really depends on how fans react to the Atom character on Arrow.

"With any character you bring on this show that's a possibility, depending on how the fans react and the character is received and developed. You know they've shown with The Flash that just being a part of Arrow that it can work. It's exciting. The sky's the limit. DC and The CW have done a great job with the two shows and the platforms in terms being their own entities. What the future holds, who knows? But anything is a possibility."

Arrow fans are still waiting to find out what will happen next following the shocking mid-season finale, where Oliver Queen (Stephen Amell) was supposedly "killed" by Ra's al Ghul (Matthew Nable). Stephen Amell was also present at the presentation, and while he wouldn't confirm whether or not Oliver is actually alive, he told fans to have faith in the creators.

"[He has] fallen. I can give fans hope that they like the show because of the actors in it but also because of the people that are creating it. They would do well to be patient and have faith in that team. I personally love when there's adversity for the protagonist and we give other characters on the show the opportunity to ... come more into leading roles. If we don't give other characters the opportunity to shoulder the load, then we give viewers nothing to attach them to. I'm excited for everyone's opportunity."

While fans wait to learn the fate of Oliver, Katie Cassidy revealed that her character Laurel Lance will step up as the new Black Canary in Starling City. Here's what she had to say about Laurel honoring her late sister Sara Lance Caity Lotz.

"I've been waiting for this to happen. She goes from avenging her sister to honoring her sister to becoming her sister."

CW president Mark Pedowitz also revealed at the panel that there will be annual Arrow/The Flash crossover episodes airing every fall or winter. We also have the first look at the Firestorm costume worn by Robbie Amell's Ronnie Raymond, along with another look at what the character will look like, when Raymond and Victor Garber's Martin Stein join forces on The Flash. Take a look at the images below, and stay tuned for more Arrow details. The series returns with the midseason premiere "Left Behind", airing Wednesday, January 21 at 8 PM ET on The CW.