According to SEN Breakfast host Tim Watson, the AFL Footy Show is set to return later in the year, and likely as a grand final show.

Watson believes the revival is "locked in", with Eddie McGuire and Sam Newman set to host the one-off show.

“Take this to the bank. The Footy Show will be re-formed in some guise,” Watson told SEN Breakfast on Wednesday morning.

“There will be a Grand Final show again this year.

“Not a big Rod Laver Arena show, but a big Grand Final Footy Show.

“Eddie McGuire and Sam Newman locked in to co-host the show.”

The show was axed only a fortnight ago, after the lowest viewership in the show's history.