UPDATE: Good news for fans of Smallville and specifically the character of Chloe. While the season finale will still leave Chloe's future in doubt, according to TV Guide, Allison Mack's representatives and producers of the show did manage to come to a deal - meaning that we will see Chloe in Season Eight of Smallville.

It had already been revealed that talks between Allison Mack and the producers of Smallville weren't going well, leaving the door open for the show to be without Lex, Lana or Chloe as it enters it's eighth season. Now, Mike Ausiello from TV Guide reveals exactly what that might mean for the series' finale which airs this week.

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"I wish I could say [it isn't so]," Ausiello begins, "but unless there was a major development in the negotiations between Mack and Warner Brothers in the past 48 hours, there's a very real chance Smallville will be Chloe-less next season. And, having seen this week's season finale I can tell you that the show won't have any trouble explaining Chloe's absence next season, should they be forced to go down that road."

To see the full video interview with Ausiello CLICK HERE

Smallville airs Thursday nights on the CW. The drama about the early days of Clark Kent stars Tom Welling, Michael Rosenbaum, Kristen Kreuk, John Glover, Erica Durance, Allison Mack, Aaron Ashmore and Laura Vandervoot.