Reports that Michele's character Rachel Berry could team up with Chris Colfer's Kurt Hummel for a new adventure followed rumours the pair would 'graduate' from the show with Cory Monteith (Finn Hudson) at the end of season three.
Speaking at the TCA press tour today (January 8), Fox entertainment president Kevin Reilly revealed that Michele would still be a big part of Glee's future.
"We are graduating the characters that are [due] to graduate, and what's come out of it is [series creator] Ryan Murphy and the guys have come up with a really cool idea," he commented.
"There will not be a Glee spinoff, but those characters will graduate and it's led to a very interesting idea that I think is going to really give us something cool to dig into next season."
It has not yet been confirmed if Colfer and Monteith will feature in Glee's fourth season.
Murphy previously claimed that plans for a Glee spinoff were dropped following the controversy over cast changes.