The Late Late Show’s James Corden is bidding his final goodbyes.

Corden first came on board as host for the CBS night special in March 2015 till date and has now agreed to a one-year extension after which the British comedian will exit the show.

Corden broke the news to his audience on Thursday’s programme, saying the hosting role has gone “beyond my wildest, wildest dreams” and that deciding on an end date was “the hardest decision I’ve ever had to make.”

Adding, “I never want this show to overstay its welcome in any way, I always want to love making it. And I really think in a year from now, that’ll be a good time to move on, and see what else might be out there.”

According to Deadline, Corden will end his tenure at the end of the 2022-2023 season, just ahead of summer next year.

“It’s been it’s a really hard decision to leave because I’m so immensely proud of the show,” Corden told the publication. “I’m thrilled to be extending [for a year]. I always thought I’d do it for five years and then leave and then I stayed on. I’ve really been thinking about it for a long time, thinking whether there might be one more adventure. … There’s still some other things that I feel I want to do. I’d like to try and write. There’s some [stories] I’d like to tell. I’d like to see if I’m capable of it. The fact that it’s terrifying is the reason to do it.”

Corden’s nearly eight-year tenure follows that of Craig Ferguson, who previously hosted the Late Late Show after a nine-year tenure.

Corden’s time with the show has sprung a number of popular segments to the show, including Crosswalk Musical, Drop the Mic, and Carpool Karaoke – which has already featured an impressive line-up of celebrities including Michelle Obama, Adele, Migos, One Direction, Nicki Minaj, and more.

Per reports, CBS execs offered Corden several offers in hopes of retaining him on contract, with deals ranging from three and two-year contract extensions, as well as a rolling one-year contract.

Speaking about Corden’s decision, CBS president and CEO George Cheeks stated:

“Seven years ago, James Corden came to the U.S. and took television by storm, with huge creative and comedic swings that resonated in a big way with viewers on-air and online.”

Adding, “In my two years at CBS, I’ve had the privilege to see James’ creative genius up close and experience his valuable partnership with CBS, both as a performer and a producer. We wish he could stay longer, but we are very proud he made CBS his American home and that this partnership will extend one more season on The Late Late Show.”

The network has yet to release a statement on who will replace Corden after his departure. Stay tuned to YEEEAAH! Network for more updates.