For the past year, we've been told by Damon Lindelof that Season Two isn't happening, and that he has no ideas. But the end of the first season left so many possibilities open for a second season, and the political landscape has opened up so many ideas for satire and commentary (COVID-19, President Trump, the storm on the Capitol), that it seems impossible he hasn't come up with ideas for a second season. Recently, he even made jokes about the series, comparing it to the real world, and Donald Trump to the squid.
But how does Tom King's Rorschach factor into all of this. Well, those currently reading the title will know it isn't set within the main comics continuity with Doomsday Clock and Before Watchmen, but rather the world of Lindelof's show. He even spoke with Lindelof to make sure he didn't accidentally contradict the series in his story. Given everything that's happening politically, and Lindelof's relationship with King, I think Lindelof will use King's work as a backdoor to Watchmen's second season, maybe with an announcement the day the final issue releases, maybe even within the issue itself to promote the book. It's also possible that person Lindelof is looking for to take over from him is Tom King himself, and King will write Season Two with Lindelof as consultant.
What do you think? Does it have water, or is it just wishful thinking?