In a recent appearance on Live With Kelly And Michael, Katie Holmes finally addressed the speculation surrounding her return for season 4 of Ray Donovan.

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Speaking to Kelly Ripa and Michael Strahan Holmes put the rumors about her reprising her role as Paige in season 4, revealing that she had another major commitment and believed Ray Donovan was already filming. The actress is set to reprise her role as Jackie Kennedy in The Kennedys: After Camelot, a follow-up to The Kennedys.

"I am playing Jackie Kennedy, we start in April and Ray Donovan is already filming so..." she said. Adding that she can't do both.

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"I loved it, it was a really wonderful experience and the braces were fun," she joked about playing Paige in Ray Donovan.

Ripa suggested Holmes could perhaps return for season 5 then, when she frees up her schedule some.

Previously showrunner David Hollander addressed the query in an interview with The Hollywood Reporter. 

He suggested that it was likely as the Finney family will still be key to the story, but added that they would need to find relevant angles to make it work.

"I'm never finished with anybody. But her family certainly is not going to be a centerpiece as a plot initially," she said. "If something about it becomes relevant to the story and can be additive and bring up more places to explore, sure. I love those actors and characters."

Season 4 of Ray Donovan will feature 12 one hour episodes and is expected to begin production in 2016.

Watch Holmes on Live with Kelly and Michael: