A "Once Upon A Time" new spinoff is reportedly being considered by the network bosses which begs the questions, "Is it too soon to have a "Frozen" series?

In a report by Entertainment Weekly, ABC chair Paul Lee spoke during the Television Critics Association's press tour on July 15 where he announced the possibility of a "Once Upon A Time" new spinoff.

"We don't have immediate plans for a Frozen spinoff, but they're so inventive, those two..." Paul Lee said, referring to showrunners Adam Horowitz and Eddy Kitsis.

"Eddy and Adam are endlessly inventive, so they have glints in their eyes of stories that they can spin for years to come. So it certainly doesn't rule out their ability or my ability to go beyond Once," he said.

With the showrunners at the helm, he said, the possibility of a "Once Upon A Time" new spinoff is all too real

"It certainly doesn't rule out their ability or our ability to build on Once. In many ways, Once itself changes every season by bringing on new characters - think of the world of Hook, of Wicked, and now to have teased Frozen," he said.

"It's a very exciting way for us to use ABC to really take advantage of some of that - not just for the centuries of fairy tales, but specifically [stories] that come out of the Walt Disney company."

HollywoodLife is optimistic about the "Frozen" live series based on the strong showing of "Once Upon A Time" handled by the same writers and producers. "'Once Upon A Time' is amazing on its own, but we know it's going to get even stronger and more interesting now that they're about to add more Frozen characters into the mix," it said.

But is it too soon to have a "Frozen" live series?

Lee replied: "Absolutely not 'Frozen' is a wonderful asset ...Adam and Eddie always have a twist on every story, so you can imagine their twist is going to be very different. But no, I think it's the perfect time. We're thrilled with it."