There's no confirmation that a season two will come to fruition, but that comment from Reeves suggests there's a possibility that it's on the table. The Penguin was a hit, scoring 95% on Rotten Tomatoes from critic reviews and landing itself a 92% audience score, and season one is currently available to stream on Max.

Matt Reeves provides an update about a potential The Penguin Season 2 and confirms talks about bringing the show back are still ongoing.

HBO’s limited miniseries The Penguin is now considering a second season for a reason: its record-breaking viewership numbers. The American crime drama series based on the DC Comics character of the same name centers around Oz Cobb’s rise to power in Gotham City’s criminal underworld. It is a spin-off sequel to the film The Batman (2022).