Kenan Thompson attends the 70th Emmy Awards at Microsoft Theater on September 17, 2018 in Los Angeles, California.
NBC has given a production commitment to the show, which centers on a dad (Thompson) whose wife dies and "has to be both mother and father to his kids".
Keenan Thompson may be eyeing an SNL exit in order to appear in his own comedy show for NBC.
Now heading into his 16th season, Thompson is the longest-tenured cast member in SNL history and earned his first Emmy nomination this year.
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"I think about leaving and I fear it", Thompson told The Hollywood Reporter's Awards Chatter podcast in June. "This is such a special place, you want to do your part here, but you also want to make room for people that are coming behind you", he said. This was the first year I really started feeling like, 'OK, I could push out of it now'.
Saving Larry would mark Thompson's return to comedy series, where he first rose to fame on Nickelodeon with All That and its spinoff Kenan & Kel. He and Chris Redd, Will Stephen, and Eli Brueggemann won the Emmy this year for original music and lyrics for their song "Come Back Barack".
If he made the leap, Thompson would not be entirely without his SNL family, however, as creator/producer Lorne Michaels is set to produce Saving Larry as well. Clarke will pen the script.
SNL once again broke its record for most overall Primetime Emmy wins this year, adding eight more statuettes to its tally, including Variety Sketch series.